SF Holding Reaches 2% Share-Buyback Threshold After Repurchasing 104.37 Million A-Shares for RMB 3.99 Billion

Bulletin Express05-06

SF Holding Co., Ltd. disclosed that its ongoing A-share buyback programme, launched on 3 September 2025, has passed the 2% share-capital threshold stipulated by Shenzhen Stock Exchange rules.

As of 6 May 2026, the company had acquired 104.37 million A-shares through centralized bidding, representing 2.07% of current total share capital. Cumulative outlay stood at RMB 3.99 billion, excluding transaction fees, with an average purchase price of RMB 38.31 per share. The highest and lowest transaction prices were RMB 42.23 and RMB 36.05 respectively.

Programme parameters • Size: total buyback funds set between RMB 3.00 billion and RMB 6.00 billion. • Price cap: initially RMB 60.00 per share, adjusted to RMB 59.10 following an equity distribution on 16 September 2025. • Duration: up to 12 months from 30 March 2026 approval, expiring no later than 29 March 2027. • Purpose: all repurchased shares will be cancelled to reduce registered capital, subject to approval at the 2025 annual general meeting.

Milestone progression • By 30 April 2026: 96.29 million shares bought for RMB 3.70 billion, equal to 1.91% of share capital. • Subsequent trades (1–6 May 2026) lifted the total to 104.37 million shares, taking the proportion to 2.07% and triggering this mandatory disclosure.

Regulatory compliance The company confirmed that all repurchase transactions adhered to the Shenzhen Stock Exchange’s self-regulatory guidelines, avoiding restricted trading periods, price limits and prohibited time slots such as opening and closing auctions.

SF Holding intends to continue executing the buyback within the approved limits and timeline, with further updates to be released in accordance with disclosure requirements.

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