China Merchants Property: share repurchase program update

China Merchants Property Operation & Service Co., Ltd. announced progress on its share repurchase program. As of September 30, 2025, the company repurchased 1,425,800 shares, representing 0.134% of its total share capital.

The repurchases were executed at a highest price of 11.61 yuan per share and a lowest price of 10.44 yuan per share. The total amount paid for these repurchases, including stamp duty and trading commissions, reached 15,856,924.46 yuan. These actions align with the previously approved repurchase plan.

The company's board of directors approved the repurchase plan on October 16, 2024, followed by shareholder approval on November 28, 2024. The plan entails repurchasing shares for cancellation to reduce registered capital, with an aggregate value between 0.78 bn yuan and 1.56 bn yuan, and a maximum price of 14.90 yuan per share, over a 12-month period.