Guangzhou Xiao Noodles Catering Management Co., Ltd. (XIAO NOODLES) disclosed a Next Day Disclosure Return dated 22 June 2026 detailing continued execution of its 2026 share-repurchase programme for its H-shares listed on the Stock Exchange of Hong Kong.

Key takeaways

1. Latest transaction • On 22 June 2026, the company bought back 271,000 H-shares on-market at prices between HKD 3.40 and HKD 3.57, for a total consideration of HKD 0.95 million. • All shares repurchased are designated for cancellation.

2. Stable issued-share base • Issued shares (excluding treasury shares) stood at 710.69 million on both the opening date (18 June 2026) and the closing balance date (22 June 2026); no new shares were issued during the period.

3. Aggregate progress since mandate approval • Between 3 February and 22 June 2026, XIAO NOODLES repurchased 16.84 million shares under the mandate approved on 26 January 2026. • The repurchased volume represents 2.37 % of the 710.69 million shares outstanding as at the mandate date and equals 23.70 % of the 71.07 million shares authorised for buyback. • Transaction prices have progressively declined from an average of about HKD 5.96 in early February to recent levels around HKD 3.50–4.29 in June, indicating sustained activity amid a lower trading range.

4. Mandate and regulatory status • Remaining capacity under the current repurchase mandate is approximately 54.23 million shares. • In line with Hong Kong listing rules, XIAO NOODLES is subject to a moratorium on new share issues or treasury-share sales until 22 July 2026 following the latest buyback. • The board confirms all repurchases comply with Main Board Rule 10.06 and related regulatory requirements.

Implications While the total issued share capital has yet to reflect the cancellations, the ongoing repurchase programme continues to reduce the prospective free-float once cancellations are effected. Consistent buybacks at progressively lower prices suggest management’s commitment to capital return within the authorised limit, with roughly three-quarters of the mandate still available for execution before its expiry.