The company announced a proposed share buyback program running from October 2, 2026 to December 31, 2026, inclusive of both dates.

The buyback will be carried out by exercising the authority granted to the board by shareholders at the annual general meeting held on June 26, 2026, under the general mandate to repurchase shares.

The company intends to repurchase its shares on the open market within the following parameters:

1. Maximum funds available for the buyback: RMB 30 million (equivalent to approximately HKD 34.9 million), based on (a) a maximum of 36,336,800 shares authorized for repurchase by the board under the buyback mandate, and (b) recent market price levels of the shares on the Main Board of The Stock Exchange of Hong Kong Limited. As stated in the circular published by the company on April 24, 2026, the directors do not intend to exercise the buyback mandate if doing so would have a material adverse impact on the company's working capital requirements and/or debt levels, and will exercise the repurchase authority only when they believe it is in the best overall interests of the company and its shareholders. As of the date of this announcement, the board does not intend to fully implement the share repurchases under the buyback program.

2. Duration of the buyback program: from October 2, 2026 to December 31, 2026, inclusive of both dates. During this period, the buyback program will be implemented by exercising the board's authority under the buyback mandate, in compliance with the company's memorandum and articles of association, the Listing Rules of the Stock Exchange, the Codes on Takeovers and Mergers and Share Buy-backs, and all other applicable laws and regulations.

3. Repurchase price: under the Listing Rules, the repurchase price per share may not be 5% or more above the average closing price of the shares for the five trading days immediately preceding each repurchase.

4. Source of funds: the company intends to use its available cash flow and internal resources to fund the share repurchases, while maintaining sufficient financial resources to sustain the continued growth of its business.

The board believes that the share buyback program can demonstrate the company's full confidence in the long-term prospects of its business, will ultimately bring benefits to the company, and will create value for shareholders.