Bairong AI Inc., a Cayman Islands–incorporated weighted voting rights (WVR) issuer listed in Hong Kong, disclosed that it repurchased 8,000 Class B ordinary shares on 25 September 2026. The on-market transaction was executed within a price range of HKD 4.48 to HKD 4.63 per share, yielding a volume-weighted average price of HKD 4.56 and an aggregate consideration of HKD 36,450.

Following the buyback, the company’s issued share capital (excluding treasury shares) fell marginally by 0.0018% to 370.88 million shares, while treasury shares increased to 24.53 million. Total issued shares, inclusive of treasury stock, remained unchanged at 395.41 million.

The repurchase was made under the mandate granted by shareholders on 30 June 2026, which authorises Bairong AI to repurchase up to 44.99 million shares. Cumulative repurchases under this mandate now stand at 6.39 million shares, equal to 1.42% of the company’s issued share base at the time the mandate was approved. A 30-day moratorium on new share issues or treasury-share disposals is in effect until 25 October 2026, in line with Hong Kong Stock Exchange regulations.

The board confirmed that the repurchase complied with all applicable listing rules and regulatory requirements, and that all funds for the transaction have been duly settled.