Xiao Caiyuan (00999) plans to repurchase shares of up to 17.6478 million.

XIAOCAIYUAN (00999) announced that the company will implement a share repurchase plan to exercise the general authorization granted by the shareholders to the board of directors at the annual general meeting held on April 20, 2026. Under the repurchase authorization, the company has the right to repurchase up to 10% of the total number of issued shares (excluding treasury shares) as of the date of the resolution of the repurchase authorization, which is a maximum of 117 million shares. According to the share repurchase plan, the company intends to repurchase up to 1.5% of the total number of issued shares (excluding treasury shares) as of the date of this announcement, which is a maximum of 17.6478 million shares (repurchased shares) on the open market based on market conditions. The repurchased shares will be cancelled or held as treasury shares. The company plans to fund the share repurchase plan through its available internal resources while maintaining sufficient financial resources to support its ongoing growth. The company believes that the share repurchase plan reflects its strong confidence in the future development prospects and its full recognition of the long-term investment value of the company. Based on a comprehensive assessment of the financial condition, operating situation, and future development strategy of the group, the company believes that the share repurchase plan is in the overall best interests of the company and its shareholders.