China Feihe Limited (Stock Code: 06186) released a Next Day Disclosure Return dated 19 November 2025, detailing adjustments to its share capital structure. As of 18 November 2025, there were 8,918,086,704 issued shares (excluding treasury shares), plus 149,165,000 treasury shares, totaling 9,067,251,704 shares. Subsequently, on 19 November 2025, the company repurchased 5,350,000 issued shares (excluding treasury shares), which have been transferred to treasury shares.

Through this process, the total number of issued shares remains 9,067,251,704, while the updated figures now stand at 8,912,736,704 shares excluding treasury shares, and 154,515,000 treasury shares. According to the announcement, the shares were bought back on the Exchange at a highest price of HKD 4.28 and a lowest price of HKD 4.24, with an aggregate purchase price of HKD 22,849,600.

The repurchase was executed under a mandate granted on 29 May 2025, authorizing up to 906,725,170 shares for repurchase. The total shares repurchased so far under this mandate amount to 154,515,000, representing approximately 1.7041% of the number of issued shares (excluding treasury shares) on the date the mandate was granted. The filing also notes that a moratorium period on new share issuance or treasury share transactions is in place until 19 December 2025.