Bairong AI Inc. (Bairong AI-W) disclosed a share repurchase on 6 October 2026, acquiring 322,500 Class B weighted voting right (WVR) ordinary shares on the Hong Kong Stock Exchange.

The shares were bought at prices ranging from HK$5.13 to HK$5.235, with a volume-weighted average cost of HK$5.1667 per share. The total consideration amounted to HK$1.67 million, representing 0.07% of Bairong AI-W’s issued Class B share capital before the transaction.

Post-transaction, issued shares (excluding treasury shares) fell from 370.75 million to 370.43 million, while treasury shares increased from 24.66 million to 24.98 million. The company’s total issued share count remained unchanged at 395.41 million.

The buyback was executed under the repurchase mandate approved on 30 June 2026, which authorises the company to repurchase up to 44.99 million shares (1.52% of issued shares at the mandate date). Cumulative repurchases under this mandate now stand at 6.84 million shares, utilising roughly 15.19% of the authorised limit.

All repurchased shares will be held in treasury. In accordance with Hong Kong listing rules, Bairong AI-W is restricted from issuing new shares or transferring treasury shares until 5 November 2026.