Befar Group continues share buyback program

Befar Group Co., Ltd. (SSE:601678) announced continued progress in its share repurchase program, initially disclosed on September 21, 2024. As of May 31, 2025, the company has cumulatively repurchased 17,692,200 shares, representing 0.860% of the total share capital. The repurchased shares, acquired through centralized bidding transactions, were bought at prices ranging from CNY 3.19 to CNY 4.28 per share, resulting in a total expenditure of CNY 68,507,115.00, excluding transaction costs. The company affirmed that the buyback adheres to the previously established plan, with the repurchased shares intended for employee stock ownership plans or equity incentives. Due to an earlier equity distribution, the maximum repurchase price has been adjusted to CNY 4.99 per share.