Hangzhou Tongshifu Cultural and Creative (Group) Co., Ltd. (“TONGSHIFU”) has unveiled a voluntary plan to repurchase its Hong Kong-listed H shares for a maximum aggregate consideration of HK$118.00 million. The initiative will be carried out under the 10% share-repurchase mandate approved by shareholders at the 26 June 2026 annual general meeting (AGM).

The mandate permits the company to buy back up to 6.22 million H shares—equivalent to 10% of the total issued H shares (excluding treasury shares) as of the AGM date. The authority remains valid until the earlier of the 2026 AGM or any shareholder resolution revoking or varying the mandate.

Management stated that the planned buyback reflects confidence in the group’s long-term prospects and is intended to safeguard shareholder interests and bolster market sentiment. Repurchased shares may either be cancelled or retained as treasury stock.

TONGSHIFU confirmed it will finance the transactions using internal resources and will conduct any purchases in accordance with the Listing Rules, the Codes on Takeovers and Share Buy-backs, the PRC Company Law, and other applicable regulations. The board also emphasized that buybacks will be managed to avoid triggering a mandatory offer under Rule 26 of the Takeovers Code and to maintain the required public float.

The timing, scale, and pricing of actual repurchases will depend on market conditions and remain at the discretion of the board or its authorized representative. Investors are advised that the company may or may not proceed with the repurchase in whole or in part and should exercise caution when dealing in TONGSHIFU securities.