Tanwan Announces On-market Repurchase of 59,000 Shares, Expands Treasury Stock to 12.63 Million

Bulletin Express05-11

Tanwan Inc. (HKEX: 09890) disclosed that it bought back 59,000 ordinary shares on 11 May 2026 via on-market transactions.

The shares were repurchased at prices ranging between HKD 15.57 and HKD 15.97, for a total consideration of approximately HKD 0.93 million. Based on the transaction value and volume, the average repurchase price was roughly HKD 15.76 per share.

Key share capital movements:

• Issued shares (excluding treasury shares) declined from 521.87 million to 521.81 million, representing a marginal 0.01% reduction. • Treasury shares increased from 12.57 million to 12.63 million. • The company’s overall issued share count remained unchanged at 534.44 million.

Mandate utilisation:

• The buyback forms part of the repurchase mandate approved on 19 June 2025, which authorises Tanwan to repurchase up to 53.31 million shares. • Cumulative repurchases under this mandate now stand at 11.25 million shares, equivalent to 2.11% of the issued share base at the mandate date. • In accordance with Hong Kong Stock Exchange rules, Tanwan is subject to a moratorium on new share issues or treasury share sales until 10 June 2026.

All repurchased shares have been retained as treasury shares; none have been cancelled as of the reporting date. The company confirmed that the transactions complied with Hong Kong Listing Rules and relevant regulatory requirements.

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