Guangzhou Xiao Noodles (2408) Announces On-Market Share Repurchase Plan

Bulletin Express01-30

Guangzhou Xiao Noodles Catering Management Co., Ltd. (Stock Code: 2408) announced that a general mandate to repurchase up to 71,068,930 H shares, representing 10% of its total issued H shares (excluding treasury shares), was approved at an extraordinary general meeting on January 26, 2026.

The company intends to utilize up to HK$100 million, funded by internal resources, to repurchase shares in the open market when market conditions are deemed suitable. The repurchased shares will be canceled or held in treasury if considered appropriate, subject to maintaining the minimum public shareholding required under listing rules.

According to the announcement released on January 30, 2026, the board believes the plan demonstrates confidence in the business outlook and aims to enhance shareholder value. There is no guarantee on the timing, price, or volume of the actual repurchases, and investors are advised to exercise caution when trading the company’s shares.

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