Bairong Inc. (06608), a Cayman Islands-incorporated company with weighted voting rights, disclosed updates on its share repurchase and issuance activities dated February 11, 2026. According to the announcement, 1,660,000 Class B ordinary shares were repurchased at a highest price of HKD 11.43 and a lowest price of HKD 11.11, resulting in an aggregate consideration of approximately HKD 18.91 million. These repurchased shares were designated as treasury shares.

On the same date, the company allotted and issued 117,500 new Class B ordinary shares under the post-IPO share option scheme conditionally approved on March 16, 2021, at an issue price of HKD 9.602 per share. Following these transactions, the number of issued Class B ordinary shares excluding treasury shares stood at 377,828,214, while the total number of issued shares, including treasury shares, reached 394,961,714.

The announcement also indicated that a moratorium on new share issuance or further transfer of treasury shares is in effect until March 13, 2026. The repurchase mandate was initially authorized on May 30, 2025, allowing a maximum of 46,654,089 shares to be repurchased. As of the publication date, 17,744,500 Class B ordinary shares have been repurchased under the current mandate, representing 3.8034% of the issued shares as of the mandate’s grant date.