SF Holding (順豐控股) reported the latest progress of its on-market A-share repurchase programme, confirming that from 3 September 2025 to 31 May 2026 it has bought back 153.75 million A-shares through centralized bidding. The total consideration reached RMB 5.78 billion, equivalent to an average price of RMB 37.59 per share, with transaction prices ranging between RMB 35.06 and RMB 42.23. The repurchased shares represent approximately 3.05% of the company’s current total share capital.

The buyback forms part of the plan first approved by the board on 28 April 2025 and subsequently amended on 30 October 2025 and 30 March 2026. Key terms now in force are:

• Total budget: not less than RMB 30.00 billion and not more than RMB 60.00 billion. • Price cap: originally RMB 60.00 per share, adjusted to RMB 58.68 per share from 19 May 2026 following the company’s A-share rights distribution. • Term: up to 29 March 2027 (12 months from the latest board approval). • Purpose: cancellation of all repurchased shares to reduce registered capital (as approved by shareholders on 8 May 2026).

Management affirmed that all repurchase transactions adhered to Shenzhen Stock Exchange regulatory requirements. No purchases were executed during sensitive periods involving undisclosed material events, nor during opening or closing call auctions, and all buy orders were placed below the daily price-limit thresholds.

SF Holding will continue to implement the authorised buyback within the stipulated timeframe and will disclose further developments in accordance with regulatory obligations. Investors are advised to monitor subsequent announcements for updates on the programme’s advancement.