Tanwan Inc. (Tanwan) reported that it repurchased 1.20 million ordinary shares on the Hong Kong Stock Exchange during 4–19 May 2026 at prices ranging from HK$13.59 to HK$16.25. The purchases, executed under the 19 June 2025 mandate, cost approximately HK$18.57 million, implying an average buy-back price of about HK$15.43 per share. All repurchased shares were retained as treasury stock, lifting the treasury share balance to 13.21 million and reducing the free-float share count to 521.23 million—down 0.23% versus April. Total issued shares stayed at 534.44 million, and Tanwan confirmed compliance with the Main Board’s 25% minimum public-float requirement.

Authorised capital closed May unchanged at 2.50 billion ordinary shares with a nominal value of USD0.00002 each (aggregate USD0.05 million). No new shares were issued during the month, and there were no treasury share cancellations.

Under the Pre-IPO Share Option Plan adopted on 4 November 2022, 4.26 million options remained outstanding; none were exercised in May, leaving the potential dilution unchanged. Separately, the company’s HK$468.00 million zero-coupon convertible bonds due 2027 also saw no conversions. At the fixed conversion price of HK$23.50, the bonds could be exchanged into up to 19.91 million shares, equivalent to roughly 3.8% of the current enlarged share base.