S.F. Holding Co., Ltd. (“SF Holding”, PRC-incorporated), disclosed a major change in its share capital on 9 June 2026 through a Next Day Disclosure Return filed with the Hong Kong Stock Exchange.

Key transaction • On 9 June 2026 the company issued 225.88 million new H shares at HK$36.74 each under a subscription agreement originally announced on 15 January 2026. • The placing represents 4.48% of SF Holding’s total issued share capital immediately before the issue and more than doubles the H-share float, raising gross proceeds of about HK$8.30 billion.

Revised share capital structure • H shares in issue rose from 240.00 million to 465.88 million. • A shares outstanding remain unchanged at 4.80 billion. • Total issued shares across both classes increased to 5.27 billion from 5.04 billion.

Pending A-share cancellations • Between 3 September 2025 and 28 May 2026, SF Holding repurchased 153.75 million A shares, equal to roughly 3.05% of the company’s pre-event share base (5.04 billion shares). • Repurchase prices ranged from RMB35.20 to RMB42.01, with a volume-weighted average price of approximately RMB37.61 per share. • These shares have not yet been cancelled and therefore remain in the issued share count as of 9 June 2026.

Regulatory compliance The board confirms that all share issuances and repurchases were properly authorised and executed in accordance with Hong Kong Listing Rules, relevant PRC regulations and other applicable requirements.