Teway Food provides update on share repurchase program

Sichuan Teway Food Group, a listed company, announced the progress of its share repurchase program as of September 30, 2025. The company did not execute any repurchases in September 2025. Since the program's inception, Teway Food has cumulatively repurchased 1,090,120 shares, representing 0.1024% of its total share capital. The total amount spent on repurchases, excluding transaction fees, stands at CNY 12,775,041.20. The repurchase prices ranged from CNY 11.47 to CNY 12.26 per share. The repurchased shares are intended for employee stock ownership plans or equity incentive programs.

The repurchase plan, approved on April 29, 2025, by the Sixth Board of Directors at its Third Meeting, aims to repurchase between 2,000,000 and 4,000,000 shares, with an estimated total value between CNY 18,000,000 and CNY 36,000,000. The repurchase period is set from April 29, 2025, to April 28, 2026. The company emphasizes that the repurchases comply with relevant laws and regulations and align with the approved repurchase plan.

To facilitate the repurchase and manage costs, Teway Food is using derivatives such as total return swaps and over-the-counter options. This strategy aims to mitigate stock price volatility risks and stabilize the company's equity, thereby supporting its normal operations. The company assures investors that all transactions are within regulatory frameworks and risk control measures are in place to manage potential market, policy, and technical risks.