S.F. Holding Co., Ltd. provided an update on its A-share repurchase plan. The plan was initially approved on April 28, 2025, and subsequently adjusted on October 30, 2025. The total repurchase fund ranges from RMB 15 billion to RMB 30 billion, with the repurchase price set not to exceed RMB 60 per share. After the company’s A-share dividend distribution on September 16, 2025, the repurchase price ceiling was adjusted to RMB 59.10 per share. The current repurchase window extends from April 28, 2025, to October 29, 2026.

Between September 3, 2025, and January 31, 2026, the company bought back 48,288,689 A shares at a total cost of approximately RMB 1,899,838,310.76, representing 0.96% of its total outstanding share capital. The average repurchase price was RMB 39.34 per share, with the highest at RMB 42.23 and the lowest at RMB 37.07. All transactions were carried out through centralized bidding and complied with applicable regulations.

The company has indicated that it will continue executing the repurchase plan within the established repurchase period, disclosing any further developments in accordance with relevant laws and regulations.