Edding Genor Cuts Outstanding Shares by 12.08 Million in April; Confirms Public-Float Compliance

Bulletin Express05-07

Hong Kong – 7 May 2026 – Edding Genor Group Holdings Limited reported that authorised share capital remained unchanged at 3.00 billion ordinary shares (USD 60,000 par value) during April 2026, while issued share capital fell after an active share-buyback programme.

Key share capital movements (April 2026):

• Issued shares (excluding treasury) declined by 12.08 million to 1.99 billion.

• Treasury stock rose by the same 12.08 million to 23.29 million shares, keeping total issued shares stable at 2.01 billion.

• The company executed 17 on-market repurchases between 1–30 April, ranging from 13,500 to 2.00 million shares per day, all retained as treasury stock. No shares were cancelled during the month.

Equity incentive schemes:

• Outstanding share options totalled 220.29 million across four plans: – Pre-IPO Plan: 3.41 million options outstanding. – Post-IPO Plan: 9.59 million options outstanding. – 2023 Plan: 2.01 million options outstanding. – One-off Plan (Dec 2025): 205.28 million options outstanding after 2.31 million cancellations in April.

• No share options were exercised; consequently, no new shares were issued and no treasury shares were transferred out.

• Restricted Share Unit (RSU) programmes could result in up to 2.83 million shares being transferred from treasury if future vesting conditions are met.

Regulatory compliance:

• Edding Genor affirmed that public-float requirements under Main Board Rule 13.32D(1) remain satisfied, with the minimum threshold set at 15 % of issued shares (excluding treasury).

Outlook implications:

The April buyback activity reduced the free-float by approximately 0.6 % of issued shares, signalling management’s continued use of repurchases under the mandate approved on 26 June 2025. With total issued shares steady at 2.01 billion and a sizeable option pool outstanding, future dilution will depend on the pace of option exercises and RSU vesting relative to any further buybacks or cancellations.

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