XIAOCAIYUAN (00999) has announced its intention to implement a share repurchase plan. This plan will utilize the general mandate granted to the board by shareholders at the Annual General Meeting held on April 20, 2026, authorizing the company to repurchase its own shares.

According to this repurchase authorization, the company is permitted to buy back up to 10% of the total number of issued shares (excluding treasury shares) as of the date the authorization resolution was passed, equating to a maximum of approximately 117.7 million shares.

Under the specific share repurchase plan, the company proposes to repurchase, from time to time in the open market depending on market conditions, up to 1.5% of the total issued shares (excluding treasury shares) as of the date of this announcement. This amounts to a maximum of about 17.65 million shares. These repurchased shares are intended to be either cancelled or held as treasury shares.

The company plans to fund this share repurchase initiative using its available internal financial resources, while ensuring it maintains sufficient resources to support the continued growth of its operations.

The company stated that this share repurchase plan reflects its strong confidence in future development prospects and its full recognition of the company's long-term investment value. After a comprehensive consideration of the group's financial condition, operational performance, and future development strategy, the company believes the repurchase plan is in the overall best interests of the company and its shareholders.