Huabao International Holdings Limited (the Company) announced an intention to conduct on-market share repurchases within 12 months from 28 January 2026, subject to market conditions and the buy-back mandate authorized at its annual general meeting held on 15 May 2025. The Company may deploy up to HK$500 million for these repurchases and intends to either cancel the repurchased shares or hold them as treasury shares, in line with capital management needs.

According to the existing buy-back mandate, the Company is authorized to repurchase up to 322,992,687 fully paid shares, representing 10% of its issued share capital when the mandate was granted. The Board believes the repurchase initiative underscores confidence in the Company’s business outlook and long-term prospects. The repurchases will comply with the bye-laws of the Company, the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, and all other applicable laws and regulations.

The share repurchases are at the Board’s discretion, with no assurance regarding timing, number of shares, or repurchase price. Shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares.