Wens Foodstuff accelerates share repurchase program

Wens Foodstuff Group (SZSE:300498) announced it will accelerate its ongoing share repurchase program. The decision, approved in September 2024, aims to bolster investor confidence and stabilize the company's stock value. As of March 31, 2025, Wens Foodstuff has repurchased 34,257,600 shares at a total cost of CNY 609,949,905.47. The company intends to continue the repurchase, investing at least CNY 50,000,000 between the date of this announcement and April 30, 2025. The repurchased shares will be used for employee stock ownership plans or equity incentives. Wens Foodstuff will execute the repurchase based on market conditions and will disclose further details as required.