China Mengniu Dairy Company Limited (Mengniu Dairy) disclosed that it repurchased 2.73 million ordinary shares on the Hong Kong Stock Exchange between 10 and 23 April 2026. All shares are earmarked for cancellation and have not yet been removed from the share register.

Key transaction details • Volume and timing: Eight on-market trades totalling 2.73 million shares, with daily tranches ranging from 200,000 to 600,000 shares. • Pricing: Volume-weighted average repurchase price of approximately HKD 16.62 per share; daily prices ranged between HKD 16.30 and HKD 16.89. • Cash outlay: Aggregate consideration reached HKD 45.31 million. • Capital impact: The shares bought represent about 0.07 % of the company’s 3.88 billion issued shares as at 23 April 2026. Share capital therefore remains unchanged at 3.88 billion shares until the repurchased stock is formally cancelled.

Buyback mandate utilisation Mengniu Dairy’s current shareholder mandate (granted on 12 June 2025) authorises the repurchase of up to 391.20 million shares. To date, including the April transactions, the company has bought back 33.34 million shares, equivalent to 0.85 % of the issued share base on the mandate date, leaving ample headroom for further activity.

Regulatory status The company confirms that all repurchases complied with Hong Kong Stock Exchange Main Board Rules. Following the latest buyback on 23 April 2026, a 30-day moratorium on new share issues or treasury share sales extends to 23 May 2026.