Muyuan Foods Group Co., Ltd. announced that its Board approved an H-share repurchase programme valued between HKD300.00 million and HKD500.00 million. The mandate was endorsed at the 2025 annual general meeting on 13 May 2026 and authorises the company to buy back up to 10% of its issued H shares (excluding any treasury shares).

Funding and Pricing • Capital will be sourced from internal resources and self-raised funds. • Any daily repurchase price may not exceed the average closing price of the five trading days preceding the transaction date by more than 5%.

Implementation Window • The programme will run for up to 12 months from 25 June 2026, unless the fund limit is reached earlier, the Board terminates the plan, or the current mandate expires and a new one is adopted at the 2026 AGM.

Post-Repurchase Treatment Repurchased shares will be held as treasury stock. Within three years of completing the buyback, the shares may be cancelled, transferred, sold on the secondary market, or allocated to employee share plans or equity incentive schemes, subject to required approvals.

Governance and Risk Disclosure The Board has delegated to management the authority to determine timing, quantity, and pricing within the approved parameters. The company cautions that actual repurchase activity will depend on market conditions and regulatory compliance, and no assurance is given regarding the exact volume, price, or timing of repurchases.