Wens Foodstuff Group completes share repurchase program

Wens Foodstuff Group announced the completion of its share repurchase program as of September 17, 2025. The company cumulatively repurchased 51,386,900 shares, representing 0.7723% of its total share capital. The total transaction amount for the repurchase was RMB900,112,938.11, excluding transaction fees. The highest price paid per share was RMB19.51, and the lowest was RMB15.33.

The repurchase program, initiated on September 18, 2024, aimed to implement employee stock ownership plans or equity incentives. The company’s original price ceiling of RMB27.01 per share was adjusted twice due to equity distributions in 2024, first to RMB26.86 per share and then to RMB26.66 per share. The actual execution aligns with the previously disclosed plan.

Of the repurchased shares, 43,286,338 shares have been allocated for the company’s fourth phase restricted stock incentive plan. The remaining shares are held in a dedicated securities account for future equity incentives or employee stock ownership plans. The company confirmed that the repurchase will not impact its financial stability, operations, or ownership structure.