China Starch invests HKD 0.46 million in latest buyback; 45.10 million shares now awaiting cancellation

Bulletin Express05-28

Hong Kong, 28 May 2026 – China Starch Holdings Limited disclosed that it repurchased 2.70 million ordinary shares on 28 May 2026 through on-market transactions, spending HKD 458,900 at prices between HKD 0.167 and HKD 0.171 per share. The repurchased shares are earmarked for cancellation.

Key details

1. Capital structure unchanged • Opening and closing issued share capital (excluding treasury shares) remained at 5.96 billion shares as of 28 May 2026. • No treasury shares were held.

2. Cumulative repurchases pending cancellation • From 24 March to 28 May 2026 the company bought back 45.10 million shares, or about 0.76 % of current issued share capital. • Transaction prices ranged from HKD 0.167 to HKD 0.190 per share.

3. Repurchase mandate utilisation • Shareholders authorised on 12 May 2026 a mandate covering up to 596.45 million shares. • Since that mandate date, 21.20 million shares have been repurchased, equating to 0.36 % of issued shares at the time, leaving approximately 575.25 million shares (96.4 % of the mandate) still available for buybacks.

4. Moratorium on new issues • In line with Hong Kong Stock Exchange rules, China Starch cannot issue new shares or transfer any treasury shares until 27 June 2026.

Strategic context The buyback programme continues to reduce the outstanding float while the headline share count remains unchanged until cancellation is effected. The ongoing repurchases, executed at sub-HKD 0.19 per share, indicate sustained deployment of the board-authorised mandate ahead of its expiry.

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The repurchased shares are earmarked for cancellation.\nKey details\n1. Capital structure unchanged  \n   • Opening and closing issued share capital (excluding treasury shares) remained at 5.96 billion shares as of 28 May 2026.  \n   • No treasury shares were held.\n2. Cumulative repurchases pending cancellation  \n   • From 24 March to 28 May 2026 the company bought back 45.10 million shares, or about 0.76 % of current issued share capital.  \n   • Transaction prices ranged from HKD 0.167 to HKD 0.190 per share.\n3. Repurchase mandate utilisation  \n   • Shareholders authorised on 12 May 2026 a mandate covering up to 596.45 million shares.  \n   • Since that mandate date, 21.20 million shares have been repurchased, equating to 0.36 % of issued shares at the time, leaving approximately 575.25 million shares (96.4 % of the mandate) still available for buybacks.\n4. 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