Qinqin Foodstuffs (01583) Announces Share Repurchase Update

Bulletin Express
Nov 04

Qinqin Foodstuffs Group (Cayman) Company Limited (01583) disclosed a repurchase of 11,000 shares on 03 November 2025, representing approximately 0.0015% of its then-issued shares (excluding treasury shares). The repurchase price ranged between HKD 1.26 and HKD 1.30 per share, for an aggregate consideration of HKD 13,900.

As of 31 October 2025, the issuer had 754,333,557 shares excluding treasury shares. Following the recent transaction, the number of shares excluding treasury shares stood at 754,322,557, and treasury shares increased to 774,000. The total number of shares remains 755,096,557.

Under a repurchase mandate dated 16 May 2025, the issuer was authorized to repurchase up to 75,509,655 shares. So far, 774,000 shares (about 0.103% of its issued shares as of the mandate date) have been repurchased under this authorization. A moratorium is in place up to 03 December 2025, during which the issuer may not issue new shares or sell treasury shares on the market without prior approval from the Hong Kong Stock Exchange.

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