On October 8, 2026, Wenchao Wang's long position in Bama Tea (06980) rose by 20,000 H shares through a deemed interest arising from the company's on-market share repurchase. Bama Tea repurchased the shares on the Stock Exchange at an average price of HKD 27.3372 per share, involving about HKD 546,744, and held them as treasury shares. As a controlling shareholder, Wang was deemed to have an interest in the repurchased shares.
Prior to this event, Wang's long position in Bama Tea was 43.90 million shares, representing 51.69%; following the deemed acquisition, the holding increased to 43.92 million shares, with the long position ratio rising to 51.71%.
This involves related parties: Wenbin Wang, Wenli Wang, Yajing Chen, Xiaoning Wu, and Xiaoping Wang.