Bairong AI Inc. (BAIRONG AI-W) filed a Next Day Disclosure Return with the Hong Kong Stock Exchange on 1 September 2026, detailing simultaneous share repurchase and incentive-plan issuances that resulted in a marginal net reduction of its weighted-voting-rights (WVR) Class B share count.

Key transactions • On 1 September 2026 the company repurchased 110,000 Class B shares on the Exchange at prices ranging from HK$5.385 to HK$5.45, for a total consideration of HK$0.60 million. The shares, equivalent to 0.0246% of the pre-event Class B share base, were retained as treasury shares. • Earlier incentive-plan exercises added 33,425 new Class B shares on 11 August 2026 and 15,000 shares on 4 August 2026, both issued at RMB 0.20 per share, increasing the share base by a combined 48,425 shares (0.0109%).

Share capital movement • Opening Class B shares outstanding (31 July 2026): 373.54 million. • Net change: –61,575 shares (buyback of 110,000 less 48,425 newly issued). • Closing Class B shares outstanding (1 September 2026): 373.48 million. • Treasury shares increased to 21.93 million, while total issued shares (including treasury) inched up to 395.41 million after option exercises.

Repurchase capacity • The share buyback formed part of a mandate approved on 30 June 2026 authorising repurchases of up to 44.99 million shares. • Cumulative repurchases under this mandate now stand at 3.79 million shares, representing 0.84% of the issued share base on the mandate date. • Under listing rules, Bairong AI is restricted from issuing new shares or selling treasury shares until 1 October 2026.

Regulatory compliance The company confirmed that all transactions were authorised by its board, executed in accordance with Hong Kong listing rules, and fully funded with consideration duly received.