Eastroc Beverage (09980) plans to repurchase A-share shares worth 1 billion to 2 billion yuan.

Eastroc Beverage (09980) announced that the company plans to repurchase company A shares through centralized bidding with its own funds. The repurchased shares will be used for capital reduction, implementation of equity incentive plans and/or employee share ownership plans, with at least 90% of the repurchased shares to be used for capital reduction. As for the shares intended for equity incentive plans and/or employee share ownership plans, if the company fails to fully utilize the repurchased shares within 36 months after the completion of the repurchase, the unused shares will be cancelled, in accordance with relevant laws and regulations. The amount of the share repurchase is not less than RMB 1 billion (including the principal), and not more than RMB 2 billion (excluding the principal). Of this amount, 9 billion to 18 billion will be used to repurchase corresponding shares (approximately 3.629 million to 7.258 million shares, accounting for no less than 90% of the total repurchased shares) for capital reduction; the remaining 1 billion to 2 billion will be used to repurchase corresponding shares (approximately 0.4032 million to 0.8065 million shares, accounting for no more than 10% of the total repurchased shares) for employee share ownership plans and/or equity incentives. The actual amount of repurchase will be based on the total funds utilized at the end of the repurchase period.