SF Holding Co., Ltd. reported fresh activity under its existing share-repurchase programmes for both its Shenzhen-listed A-shares (ticker: 002352) and Hong Kong-listed H-shares (ticker: 06936).

Key takeaways

1. Latest repurchases (20 July 2026) • A-shares: 1.60 million shares bought back on the Shenzhen Stock Exchange at prices between RMB 33.50 and RMB 33.97, for a total consideration of RMB 54.00 million. All will be cancelled. • H-shares: 0.45 million shares repurchased on the Hong Kong Stock Exchange at prices ranging from HKD 32.28 to HKD 32.98, costing HKD 14.73 million. These shares will be held as treasury stock.

2. Outstanding share capital (post-transaction, pre-cancellation) • A-shares in issue (ex-treasury): 4.799 billion • H-shares in issue (ex-treasury): 461.335 million • H-share treasury stock: 4.543 million • Total shares in issue (incl. treasury): 5.262 billion

3. Progress of the 2025 First A-Share Repurchase Plan From 3 September 2025 to 20 July 2026 the company has bought back 158.22 million A-shares, equal to c. 3.0 % of the pre-repurchase total share capital of 5.26 billion shares. These repurchased A-shares remain outstanding pending cancellation, which will reduce registered capital once processed.

4. H-share repurchase mandate utilisation Since the mandate approval on 8 May 2026, SF Holding has repurchased 4.54 million H-shares, representing 1.89 % of the shares outstanding on the mandate date. The company is authorised to buy back up to 24 million H-shares, leaving roughly 19.46 million shares (about 81 % of the quota) still available. A 30-day moratorium on new share issues or treasury share disposals applies until 19 August 2026.

5. Capital management strategy Management reiterates that the A-share repurchases, originally intended for employee incentive schemes, were re-designated for cancellation and share-capital reduction at the 2025 AGM. The ongoing buy-backs are executed in compliance with mainland and Hong Kong listing regulations, and all necessary authorisations and filings have been confirmed.

The company’s issued share count remains unchanged until the cancelled A-shares are formally retired; upon cancellation, the total issued capital is set to decline by approximately 158.22 million shares, equivalent to a 3.01 % reduction.