China Feihe Limited disclosed details of a share repurchase involving 20,000,000 ordinary shares on 13 November 2025. According to the filing, the purchase took place on the Hong Kong Stock Exchange at prices ranging from HKD 4.37 to HKD 4.4 per share, resulting in an aggregate payment of approximately HKD 87,858,020. The average repurchase price per share was HKD 4.3929.

Prior to the transaction, the opening balance of issued shares on 12 November 2025 stood at 8,969,897,704 (excluding treasury shares), with 97,354,000 treasury shares already held. Following this repurchase, the number of issued shares (excluding treasury shares) decreased to 8,949,897,704, while treasury shares increased to 117,354,000. The total number of issued shares, including treasury shares, remained at 9,067,251,704.

The company confirmed that 20,000,000 repurchased shares will be held as treasury shares. As part of an approved repurchase mandate granted on 29 May 2025, China Feihe Limited is authorized to repurchase up to 906,725,170 shares. Since the mandate took effect, 117,354,000 shares have been repurchased, amounting to 1.2943% of the issued shares (excluding treasury shares) as at the mandate date.