SF Holding (顺丰控股) released a progress report on its ongoing A-share repurchase, detailing purchases completed up to 31 March 2026.

The company’s board first approved the buyback plan on 28 April 2025 and revised it on 30 October 2025 and again on 30 March 2026. The adjusted mandate authorises total funds of no less than RMB 30.00 billion and no more than RMB 60.00 billion, with a maximum repurchase price of RMB 60.00 per share (subsequently adjusted to RMB 59.10 following an equity distribution). The execution window now runs until 29 March 2027, and the repurchased shares are intended for cancellation and registered-capital reduction, pending shareholder approval at the 2025 annual general meeting.

Between 3 September 2025 and 31 March 2026, SF Holding repurchased 67,043,189 A-shares via centralised bidding, representing 1.33% of its current share capital. The cumulative outlay reached RMB 2.60 billion, implying an average purchase price of RMB 38.78 per share, with transactions ranging from RMB 36.05 to RMB 42.23.

The company confirmed all buyback activities complied with Shenzhen Stock Exchange regulations: no purchases occurred during sensitive periods, pricing remained below daily limit thresholds, and orders avoided opening and closing auction sessions or days without price limits.

SF Holding stated it will continue to implement the authorised programme within the approved scope and timeline, and will provide further disclosures as required.