Bama Tea Co., Ltd. has announced plans to activate its H-share repurchase mandate, targeting an aggregate purchase amount of up to RMB250.00 million during the mandate period approved at the 21 April 2026 annual general meeting. The mandate allows the company to repurchase up to 5.30 million H shares, equivalent to 10% of the total H shares in issue (excluding treasury shares) on the AGM date.

Management cited a “healthy cash flow and sound overall financial position” as the basis for funding the buyback exclusively from internal resources, explicitly ruling out the use of proceeds from the company’s Hong Kong initial public offering. Repurchased shares may be cancelled or held in treasury, and the company affirmed that public float requirements under Hong Kong listing rules will be maintained.

The board believes the market undervalues Bama Tea’s shares and views the buyback as a means to demonstrate confidence in the firm’s outlook and enhance shareholder returns. Execution will depend on market conditions and remains at the board’s discretion; therefore, no assurance was given on the timing, quantity or price of repurchases.