Baoye Group Company Limited announced that its 2025 annual general meeting on 18 June 2026 approved a general mandate authorising the Board to repurchase up to 10% of the company’s issued H shares, subject to regulatory approvals and market conditions. Any repurchased shares will be cancelled, leading to a corresponding reduction in registered capital in line with the PRC Company Law and the company’s articles of association.

In compliance with Article 224 of the PRC Company Law and Article 23 of Baoye Group’s articles, the company is notifying creditors of the prospective capital reduction. Creditors who receive written notice may demand debt repayment or request adequate guarantees within 30 days of receipt. Creditors who do not receive direct notice have 45 days from the public announcement date (18 June 2026) to assert their rights.

The Board, chaired by Pang Baogen, emphasised that the planned buyback aims to enhance shareholder value while maintaining the group’s stable operational momentum. Investors and shareholders are advised to exercise caution when trading the company’s shares.