Maoyan Entertainment has approved an on-market share repurchase programme of up to HK$250.00 million, utilising its existing cash reserves and free cash flow. The initiative follows the shareholder mandate granted at the 23 June 2026 annual general meeting, which authorises the company to buy back up to 116.22 million shares—equivalent to 10% of its issued share capital (excluding any treasury shares).

The share buyback window opens immediately and will remain in place until the next annual general meeting in 2027. All repurchases will be executed through the open market and must comply with Maoyan’s Articles of Association, the Hong Kong Listing Rules, the Securities and Futures Commission’s Codes on Takeovers and Share Buy-backs, and Cayman Islands law.

Management stated that the current market price does not reflect the company’s intrinsic value or growth prospects, and believes the repurchase plan can enhance shareholder value without compromising Maoyan’s financial position.

No shares have been repurchased to date. The timing, volume and pricing of any repurchases will be determined at the Board’s discretion and remain subject to prevailing market conditions. The company cautioned investors that there is no assurance any buybacks will occur.