BAMA TEA (06980) plans to buy back no more than 250 million H shares.

BAMA TEA (06980) announced that, in accordance with the special resolution passed by the company's shareholders at the annual general meeting held on April 21, 2026, the board of directors has been granted a general mandate to repurchase up to 5.2987 million H shares of the company, representing 10% of the total number of H shares issued on the date of the annual general meeting (excluding treasury shares). During the period of the H share repurchase mandate, the company plans to exercise the H share repurchase authorization in appropriate market conditions and from time to time repurchase the company's issued H shares on the open market, with a total repurchase amount not exceeding RMB 250 million (or the equivalent in HKD). The company currently has a healthy cash flow and stable overall financial condition to support the continuous development of its business. The board believes that the value of the H shares traded on the market is undervalued, and the proposed H share repurchase can demonstrate the company's confidence in its business prospects and outlook, enhance returns to shareholders, ultimately benefiting the company and creating value for shareholders, aligning with the overall interests of the company and its shareholders.