Qinqin Foodstuffs (01583) Updates Share Repurchase and Issued Share Figures

Bulletin Express
2025/10/21

Qinqin Foodstuffs Group (Cayman) Company Limited (01583) disclosed a share repurchase on 21 October 2025. Based on the Next Day Disclosure Return, 100,000 ordinary shares were repurchased from the market at a price ranging between HKD 1.23 and HKD 1.28, for a total of HKD 125,200. These shares were designated as treasury shares and increased the treasury share balance from 320,000 to 420,000 shares.

According to the announcement, the opening balance on 30 September 2025 included 754,776,557 issued shares (excluding treasury shares), and after the repurchase, 754,676,557 shares remained in issue (excluding treasury shares). The total number of issued shares stayed at 755,096,557 as treasury shares do not reduce that total unless canceled.

The repurchase was conducted under a mandate approved on 16 May 2025, which authorizes up to 75,509,655 shares to be repurchased. So far, 420,000 shares have been repurchased under this mandate, representing 0.0556% of the issued shares (excluding treasury shares) at the time the mandate was granted. Following this transaction, there is a moratorium on issuing new shares or transferring treasury shares until 20 November 2025.

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