S.F. Holding (A-Share Code: 002352, H-Share Code: 06936) Announces Share Repurchase and Updated Share Capital

Bulletin Express12-02

On 2 December 2025, S.F. Holding Co., Ltd. released a Next Day Disclosure Return, detailing a repurchase of 1,315,800 A shares on the Shenzhen Stock Exchange at an approximate price of RMB 37.99 per share. The total consideration paid for these repurchased shares was RMB 49,993,751.

Following this transaction, the company’s total number of issued shares remains 4,799,430,409, including 4,765,599,620 A shares and 240,000,000 H shares. Of these, 33,830,789 A shares are held as treasury shares. The repurchase accounted for approximately 0.03% of the A share capital (excluding treasury shares) prior to the transaction. No changes were recorded for the H shares.

According to the disclosure, the repurchase was conducted pursuant to the repurchase mandate adopted on 28 April 2025 and subsequently adjusted on 30 October 2025. The company confirmed that the shares were repurchased in compliance with all relevant regulatory requirements, and the repurchased A shares are held in the company’s repurchase securities account as treasury shares.

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Holding (A-Share Code: 002352, H-Share Code: 06936) Announces Share Repurchase and Updated Share Capital\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2025-12-02 16:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>On 2 December 2025, S.F. Holding Co., Ltd. released a Next Day Disclosure Return, detailing a repurchase of 1,315,800 A shares on the Shenzhen Stock Exchange at an approximate price of RMB 37.99 per share. The total consideration paid for these repurchased shares was RMB 49,993,751.</p>\n<p>Following this transaction, the company’s total number of issued shares remains 4,799,430,409, including 4,765,599,620 A shares and 240,000,000 H shares. 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