Baozun-W (Baozun Inc.), a Cayman-incorporated, weighted-voting-rights (WVR) issuer, filed its Monthly Return for the period ended 30 September 2026, detailing modest equity movements and confirming continued compliance with Hong Kong’s public-float requirements.

Authorised Capital • The company’s authorised share capital remained unchanged at 500 million WVR ordinary shares (470 million Class A; 30 million Class B), with a total par value of USD 50,000.

Issued and Treasury Shares • Total issued shares stayed at 174.28 million, but the mix shifted: outstanding Class A shares rose by 47,577 to 161.18 million, while treasury shares fell by an equivalent amount to 13.11 million. • Class B issued shares were stable at 13.30 million, with no treasury position.

Key Drivers of Share Movement 1. Equity Incentives – 180,000 new Class A shares were issued to satisfy vested Restricted Share Units (RSUs) under the 2015 and 2022 Share Incentive Plans, reducing treasury shares by the same amount. – 18,651 stock options under the 2014 Share Incentive Plan lapsed, leaving 51,684 options outstanding; no option exercises occurred during the month.

2. Share Repurchases – The company repurchased 132,423 Class A shares between 28–30 September 2026 at prices ranging from USD 1.00 to USD 1.03 per share, for a total outlay of approximately USD 0.13 million. All repurchased shares were held as treasury stock.

Public Float • Baozun-W affirmed that it met the Main Board’s minimum 25% public-float requirement as at 30 September 2026.

Post-month-end Position • Outstanding share count: 161.18 million Class A and 13.30 million Class B. • Treasury shares: 13.11 million Class A. • Shares available for future issuance under the 2022 RSU scheme: 5.09 million Class A.

Governance Confirmation The board confirmed that all share issuances, transfers and repurchases were duly authorised and executed in compliance with Hong Kong listing rules and relevant regulations.