China Mengniu Dairy Company Limited (Mengniu Dairy) filed a Next Day Disclosure Return on 6 October 2026, confirming a further on-market share repurchase and updating its issued share position.

Key Takeaways

1. Latest Transaction • Date: 6 October 2026 • Volume: 500,000 ordinary shares • Price range: HKD 17.16–17.20 per share, volume-weighted average price of approximately HKD 17.19 • Total consideration: HKD 8.60 million • Shares will be cancelled; none retained as treasury stock.

2. Issued Share Capital • Opening balance (5 Oct 2026): 3.87 billion shares. • Closing balance (6 Oct 2026): unchanged at 3.87 billion shares, as repurchased shares await formal cancellation.

3. Cumulative Repurchases Pending Cancellation (31 Aug–6 Oct 2026) • Aggregate shares: 3.47 million, equal to about 0.09 % of current issued shares. • Indicative average repurchase prices (transaction-specific) ranged between HKD 17.44 and HKD 17.98.

4. Status of 2026 Repurchase Mandate • Mandate approved: 5 June 2026. • Authorised capacity: 387.89 million shares. • Shares bought back to date under mandate: 6.41 million, representing 0.17 % of the company’s issued shares at the mandate date. • Remaining authority: approximately 381.48 million shares.

5. Capital-Raising Moratorium In accordance with Hong Kong listing rules, Mengniu Dairy is restricted from issuing new shares or selling any treasury shares until 5 November 2026, being 30 days after the latest repurchase.

Implications The continued execution of the buy-back programme signals management’s ongoing use of its repurchase mandate. While the total number of shares repurchased to date is modest relative to the authorised limit, the company has maintained its issued-share base unchanged pending formal cancellation of the acquired shares. These actions reflect active capital management within the parameters approved by shareholders and the Hong Kong Stock Exchange.