# EDGAR Filing Document

**Accession Number:** 0001293451
**File Stem:** 0000950103-23-002107
**Filing Date:** 2023-2
**Character Count:** 13360
**Document Hash:** a9f0ddc5d7e80fbfc86e15a4b2ec559d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-23-002107.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0000950103-23-002107

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**GROUP MEMBERS**: IMAGE FRAME INVESTMENT (HK) LTD

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kanzhun Ltd
- **CENTRAL INDEX KEY:** 0001842827
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93363
- **FILM NUMBER:** 23608429

**BUSINESS ADDRESS:**
- **STREET 1:** GRANDYVIC BLDG
- **STREET 2:** TAIYANGGONG MID RD, CHAOYANG DIST
- **CITY:** BEIJING
- **STATE:** F4
- **ZIP:** 100020
- **BUSINESS PHONE:** 86-10-8415-0633

**MAIL ADDRESS:**
- **STREET 1:** GRANDYVIC BLDG
- **STREET 2:** TAIYANGGONG MID RD, CHAOYANG DIST
- **CITY:** BEIJING
- **STATE:** F4
- **ZIP:** 100020
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tencent Holdings Ltd
- **CENTRAL INDEX KEY:** 0001293451
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** ROOM 3506, 35TH FLOOR
- **STREET 2:** TOWER 2, LIPPO CENTRE
- **CITY:** ADMIRALTY
- **STATE:** K3
- **ZIP:** 00000
- **BUSINESS PHONE:** 86-755-86013388

**MAIL ADDRESS:**
- **STREET 1:** ROOM 3506, 35TH FLOOR
- **STREET 2:** TOWER 2, LIPPO CENTRE
- **CITY:** ADMIRALTY
- **STATE:** K3
- **ZIP:** 00000

UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, DC 20549

**SCHEDULE 13G**

Under the Securities Exchange Act of 1934

(Amendment No. 1)\*

---

| |
|:---|
| **KANZHUN LIMITED** |
| (Name of Issuer) |
| **Class A Ordinary Shares, par value US$0.0001 per share** |
| (Title of Class of Securities) |
| **\*\*** |
| (CUSIP Number) |
| **December 31, 2022** |
| (Date of Event Which Requires Filing of This Statement) |

---

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

&nbsp;&nbsp;&nbsp;&nbsp;☒ Rule 13d-1(d)

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

\*\* There is no CUSIP number assigned to the Class A Ordinary Shares. CUSIP number 48553T106 has been assigned to the American Depositary Shares ("ADSs") of the Issuer, which are quoted on Nasdaq Global Select Market under the symbol "BZ." Each ADS represents two Class A Ordinary Shares.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

---

| | |
|:---|:---|
| **CUSIP No.** | **48553T106** |

---

---

| | |
|:---|:---|
| 1 | Names of Reporting Persons.<br>Image Frame Investment (HK) Limited |
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions)<br> (a) ☐<br> (b) ☐ |
| 3 | SEC Use Only |
| 4 | Citizenship or Place of Organization<br>Hong Kong |

---

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES BENEFICIALLY OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 5 | Sole Voting Power<br>72,309,691<sup>1</sup> |
| NUMBER OF<br> SHARES BENEFICIALLY OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 6 | Shared Voting Power<br>None |
| NUMBER OF<br> SHARES BENEFICIALLY OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 7 | Sole Dispositive Power<br>72,309,691<sup>1</sup> |
| NUMBER OF<br> SHARES BENEFICIALLY OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 8 | Shared Dispositive Power<br>None |

---

---

| | |
|:---|:---|
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>72,309,691<sup>1</sup> |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)<br>☐ |
| 11 | Percent of Class Represented by Amount in Row (9)<br>10.0% of total outstanding Class A Ordinary Shares<sup>2</sup> |
| 12 | Type of Reporting Person (See Instructions)<br>CO |

---

<sup>1</sup> Represents 72,309,691 Class A Ordinary Shares held of record by Image Frame Investment (HK) Limited, including up to 18,019,352 Class A Ordinary Shares (the "Lent Shares") lent by Image Frame Investment (HK) Limited to certain designated dealers to facilitate the listing of the Issuer's Class A Ordinary Shares on the Main Board of The Stock Exchange of Hong Kong Limited (the "Listing") pursuant to certain stock borrowing and lending agreement dated December 15, 2022 (the "Agreement"). As of the date hereof, these Lent Shares have been returned by the designated dealers to Image Frame Investment (HK) Limited within the timeframe set forth in the Agreement.

<sup>2</sup> See Item 4 below.

---

| | |
|:---|:---|
| **CUSIP No.** | **48553T106** |

---

---

| | |
|:---|:---|
| 1 | Names of Reporting Persons.<br>Tencent Holdings Limited |
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions)<br> (a) ☐<br> (b) ☐ |
| 3 | SEC Use Only |
| 4 | Citizenship or Place of Organization<br>The Cayman Islands |

---

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES BENEFICIALLY OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 5 | Sole Voting Power<br>72,309,691<sup>3</sup> |
| NUMBER OF<br> SHARES BENEFICIALLY OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 6 | Shared Voting Power<br>None |
| NUMBER OF<br> SHARES BENEFICIALLY OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 7 | Sole Dispositive Power<br>72,309,691<sup>3</sup> |
| NUMBER OF<br> SHARES BENEFICIALLY OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 8 | Shared Dispositive Power<br>None |

---

---

| | |
|:---|:---|
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>72,309,691<sup>3</sup> |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)<br>☐ |
| 11 | Percent of Class Represented by Amount in Row (9)<br>10.0% of total outstanding Class A Ordinary Shares<sup>4</sup> |
| 12 | Type of Reporting Person (See Instructions)<br>CO |

---

<sup>3</sup> See Note 1 above.

<sup>4</sup> See Item 4 below.

---

| | |
|:---|:---|
| **Item 1(a).** | **Name of Issuer:** |

---

KANZHUN LIMITED (the "Issuer")

---

| | |
|:---|:---|
| **Item 1(b).** | **Address of Issuer's Principal Executive Offices:** |

---

18/F, GrandyVic Building<br> Taiyanggong Middle Road, Chaoyang District<br> Beijing 100020, People's Republic of China

---

| | |
|:---|:---|
| **Item 2(a).** | **Name of Person Filing:** |

---

Image Frame Investment (HK) Limited

Tencent Holdings Limited<br> (each a "Reporting Person" and collectively the "Reporting Persons")

---

| | |
|:---|:---|
| **Item 2(b).** | **Address of Principal Business Office, or if None, Residence:** |

---

For both Reporting Persons:

Level 29, Three Pacific Place

No. 1 Queen's Road East

Wanchai, Hong Kong

---

| | |
|:---|:---|
| **Item 2(c).** | **Citizenship:** |

---

Image Frame Investment (HK) Limited – Hong Kong<br> Tencent Holdings Limited – The Cayman Islands

---

| | |
|:---|:---|
| **Item 2(d).** | **Title of Class of Securities:** |

---

Class A Ordinary Shares, par value US$0.0001 per share (each ADS represents two Class A Ordinary Shares).

---

| | |
|:---|:---|
| **Item 2(e).** | **CUSIP Number:** |

---

There is no CUSIP number assigned to the Class A Ordinary Shares. CUSIP number 48553T106 has been assigned to the American Depositary Shares ("ADSs") of the Issuer, which are quoted on Nasdaq Global Select Market under the symbol "BZ." Each ADS represents two Class A Ordinary Shares.

**Item 3.** **If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ☐ Insurance company as defined in section 3(a)(19)
of the Act (15 U.S.C. 78c);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) ☐ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) ☐ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) ☐ An employee benefit plan or endowment fund in accordance
with Rule 13d–1(b)(1)(ii)(F);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) ☐ A parent holding company or control person in accordance
with Rule 13d–1(b)(1)(ii)(G);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) ☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company
Act of 1940 (15 U.S.C. 80a-3);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) ☐ A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) ☐ Group, in accordance with Rule 13d–1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d–1(b)(1)(ii)(J),
please specify the type of institution: ____.

**Item 4.** **Ownership.**

Provide the following information regarding the aggregate number and percentage of the class of securities of issuer identified in Item 1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The information required by Items 4(a) is set forth in Row 9 of the cover page for each Reporting Person and is incorporated herein
by reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The total number of outstanding Class A Ordinary Shares used to calculate the percent of class represented by the Class A Ordinary
Shares is based on 724,582,975 Class A Ordinary Shares issued and outstanding as of December 31, 2022 (excluding the 24,740,128 Class
A Ordinary Shares issued to the Issuer's depositary bank for bulk-issuance of ADSs reserved for future issuances upon the exercise
or vesting of awards granted under the Issuer's share incentive plans), as disclosed in Exhibit 99.1 to the Issuer's current
report on Form 6-K furnished to the SEC on January 9, 2023 (File No. 001-40460).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The information required by Items 4(c) is set forth in Rows 5-8 of the cover page for each Reporting Person and is incorporated herein
by reference.

**Item 5.** **Ownership of Five Percent or Less of a Class.**

Not applicable.

**Item 6.** **Ownership of More than Five Percent on Behalf of Another Person.**

Not applicable.

**Item 7.** **Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.**

Not applicable.

**Item 8.** **Identification and Classification of Members of the Group.**

Not applicable.

**Item 9.** **Notice of Dissolution of Group.**

Not applicable.

**Item 10.** **Certifications.**

Not applicable.

**LIST OF EXHIBITS**

---

| | |
|:---|:---|
| **<u>Exhibit No.</u>** | **<u>Description</u>** |
| A | [Joint Filing Agreement\*](https://www.sec.gov/Archives/edgar/data/1293451/000095010322002319/dp166934_ex9901.htm) |

---

\* Incorporated herein by reference to the Joint Filing Agreement by Image Frame Investment (HK) Limited and Tencent Holdings Limited dated as of February 10, 2022, which was previously filed with the U.S. Securities and Exchange Commission as Exhibit A to Schedule 13G filed by Image Frame Investment (HK) Limited and Tencent Holdings Limited on February 10, 2022 with respect to the Class A ordinary shares of KANZHUN LIMITED.

**SIGNATURE**

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 10, 2023

---

| | | |
|:---|:---|:---|
| **IMAGE FRAME INVESTMENT (HK) LIMITED** | **IMAGE FRAME INVESTMENT (HK) LIMITED** | **IMAGE FRAME INVESTMENT (HK) LIMITED** |
| By: | /s/ Ma Huateng | /s/ Ma Huateng |
|  | Name: | Ma Huateng |
|  | Title: | Director |

---

---

| | | |
|:---|:---|:---|
| **TENCENT HOLDINGS LIMITED** | **TENCENT HOLDINGS LIMITED** | **TENCENT HOLDINGS LIMITED** |
| By: | /s/ Ma Huateng | /s/ Ma Huateng |
|  | Name: | Ma Huateng |
|  | Title: | Director |

---