SF Holding Adds 0.01 % H-Shares to Treasury; A-Share Buyback for Cancellation Reaches 160 Million Shares

Bulletin Express
09/11

S.F. Holding Co., Ltd. (SF Holding) filed a Next Day Disclosure Return on 11 September 2026, detailing its most recent equity movements across both its Shenzhen-listed A-shares (stock code 002352) and Hong Kong-listed H-shares (stock code 06936).

On-market H-share repurchase • Repurchase date: 11 September 2026 • Volume: 705,600 H-shares, equal to 0.01 % of the 452.19 million H-shares outstanding before the transaction. • Price range: HKD 29.04–29.56; volume-weighted average price: HKD 29.31. • Aggregate consideration: HKD 20.68 million. • Post-transaction, issued H-shares (excluding treasury) decreased to 451.49 million, while H-share treasury stock rose to 14.39 million. • Repurchases to date under the 8 May 2026 mandate now total 14.39 million shares, representing 6 % of the 24 million-share limit. A 30-day moratorium on new share issues or treasury-share sales runs until 11 October 2026.

Status of A-share repurchase programme • SF Holding’s “2025 First A-Share Repurchase Plan,” approved on 28 April 2025 and later adjusted on 30 October 2025 and 30 March 2026, remains active. • Cumulative A-shares repurchased for future cancellation but not yet cancelled: 160.16 million shares, about 3.34 % of the 4.80 billion A-shares outstanding. • Repurchase prices have ranged from RMB 33.74 to RMB 42.01 per share, with the latest transactions in July 2026 (1.60 million and 1.94 million shares at RMB 33.74 and RMB 33.94, respectively).

Share capital snapshot post-transactions (11 September 2026) • A-shares in issue (excluding treasury): 4.80 billion. • H-shares in issue (excluding treasury): 451.49 million. • Total issued shares (all classes, excluding treasury): 5.25 billion. • Treasury shares: 14.39 million H-shares; no A-shares are held as treasury stock, as A-share repurchases are earmarked for cancellation.

Regulatory confirmations The board affirmed that all repurchases complied with Hong Kong Stock Exchange Main Board Rules, relevant PRC regulations, and the company’s authorised mandate. All required funds were duly settled, and no material changes have occurred to the April 2026 explanatory statement filed with the Exchange.

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