On 02 December 2025, China Feihe Limited (stock code: 06186) repurchased 4,000,000 ordinary shares on the Hong Kong Stock Exchange at prices ranging from HKD 4.17 to HKD 4.2, with an average repurchase price of HKD 4.185 per share. The total consideration paid amounted to HKD 16,740,000. All repurchased shares were designated as treasury shares, raising the total treasury shares held from 190,848,000 to 194,848,000.

Following the transaction, the number of issued shares excluding treasury shares reached 8,872,403,704, while the overall issued share capital remained 9,067,251,704. According to the announced details, the repurchase was conducted under a mandate approved on 29 May 2025, which authorized the repurchase of up to 906,725,170 shares. The repurchases made under this mandate amounted to 194,848,000 shares in total, representing approximately 2.1489% of the company’s issued shares as of the date of the resolution. A stated moratorium period limits any new issue or sale of treasury shares until 01 January 2026.