S.F. Holding Co.,Ltd. has announced the completion of its 2025 first-phase A-share repurchase program as of July 21, 2026.

The buyback was executed from September 3, 2025, to July 21, 2026, during which the company repurchased a total of 160 million A-shares via centralized bidding.

These shares represent approximately 3.04% of the company's current total share capital, with an average purchase price of 37.46 yuan per share.

The highest price paid was 42.23 yuan per share, while the lowest was 33.50 yuan per share.

The total expenditure for the buyback amounted to roughly 5.999 billion yuan, excluding transaction fees.

Following a board meeting on March 30, 2026, the company approved a change to the purpose of the repurchased shares.

The intended use was altered from "employee持股 plans or equity incentives" to "cancellation and reduction of registered capital."

This change was subsequently approved at the company's 2025 annual general meeting of shareholders.

The company stated it will now proceed to complete the necessary procedures for the cancellation of the repurchased A-shares as soon as possible.