Mao Geping Cosmetics Co., Ltd. (the Group) has unveiled a voluntary plan to repurchase its H shares on the open market for a total consideration of up to HK$500.00 million. The initiative will be executed under the general H-Share Repurchase Mandate approved at the 24 April 2026 annual general meeting.

The mandate permits the repurchase of up to 3% of the Company’s issued share capital outstanding on the AGM date—capped at 14.71 million H shares—and remains valid until the earlier of (1) the 2026 AGM or (2) any variation or revocation of the mandate by shareholders.

Key parameters: • Aggregate outlay: not more than HK$500.00 million • Method: Open-market purchases on the Hong Kong Stock Exchange • Outcome: Repurchased shares will be cancelled or held as treasury stock

The Board stated that the buy-back reflects confidence in the Company’s growth prospects and commitment to enhancing shareholder value. All transactions will comply with the Hong Kong Listing Rules, the Takeovers Code, the PRC Company Law, and other applicable regulations. The Board also affirmed that repurchases would be managed to avoid triggering a mandatory takeover offer under Rule 26 of the Takeovers Code and to ensure public float requirements are maintained.

Implementation timing, volume and pricing will depend on market conditions, and the Board retains full discretion to modify, suspend or terminate the programme before its scheduled expiry.