XIAO NOODLES (02408) Authorizes Board to Repurchase Company H Shares

Stock News01-06

XIAO NOODLES (02408) announced that its Board of Directors has resolved to seek authorization from the company's shareholders (H Share Repurchase Mandate) to repurchase the company's H shares. This move aims to convey confidence in the Group's long-term business prospects, enhance the company's value, and protect shareholder rights and interests. According to the H Share Repurchase Mandate, the total number of H shares repurchased by the company using its own funds during the relevant period (as defined below) shall not exceed 10% of the total number of issued H shares (excluding treasury shares) on the date the relevant resolution for granting the H Share Repurchase Mandate is considered and approved at the shareholders' meeting. The company may cancel any repurchased H shares and/or hold them as treasury shares, depending on market conditions at the time of repurchase and its capital management requirements. For the purpose of the H Share Repurchase Mandate, the "relevant period" refers to the period commencing from the date the resolution for granting the H Share Repurchase Mandate is passed at the shareholders' meeting until the earliest of the following dates: (i) the conclusion of the company's next annual general meeting to be held in 2026; or (ii) the date the H Share Repurchase Mandate is revoked or amended by a special resolution at any shareholders' meeting of the company.

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