Core Viewpoint - Multiple companies conducted share buybacks on December 4, 2025, with Tencent Holdings leading in both the number of shares repurchased and the total amount spent [1]. Group 1: Buyback Details - Tencent Holdings (00700) repurchased 1.044 million shares for a total of 636 million [2]. - Xiaomi Group-W (01810) repurchased 2.4 million shares for a total of 101 million [2]. - China Merchants Industry Holdings (01919) repurchased 3 million shares for a total of 41.82 million [2]. - Kuaishou-W (01024) repurchased 445,000 shares for a total of 29.92 million [2]. - China Feihe (06186) repurchased 6.281 million shares for a total of 25.75 million [2]. Group 2: Cumulative Buyback Data - Tencent Holdings has a cumulative buyback of 84.102 million shares, representing 0.915% of its total share capital [2]. - Xiaomi Group-W has a cumulative buyback of 88.1954 million shares, representing 0.340% of its total share capital [2]. - China Merchants Industry Holdings has a cumulative buyback of 66.543 million shares, representing 2.311% of its total share capital [2]. - Kuaishou-W has a cumulative buyback of 6.3866 million shares, representing 0.149% of its total share capital [2]. - China Feihe has a cumulative buyback of 205 million shares, representing 2.262% of its total share capital [2]. Group 3: Other Notable Buybacks - Vitasoy International (00345) repurchased 150,000 shares for a total of 1.0185 million [3]. - Lianyi Technology-W (09959) repurchased 420,000 shares for a total of 990,100 [3]. - Fengye Education (01317) repurchased 2.232 million shares for a total of 859,300 [3]. - Weigao Group (01066) repurchased 74,000 shares for a total of 410,100 [3]. - Mobi Development (00947) repurchased 20,000 shares for a total of 296,000 [3].

Core Viewpoint - China Feihe has been actively repurchasing its shares, indicating a strategy to support its stock price and enhance shareholder value [2][3] Share Buyback Summary - On December 4, China Feihe repurchased 6.281 million shares at a price of HKD 4.10 per share, totaling HKD 25.75 million [2] - The stock closed at HKD 4.11 on the same day, down 1.67%, with a total trading volume of HKD 116 million [2] - Since October 24, the company has conducted share buybacks for 29 consecutive days, repurchasing a total of 203 million shares for a cumulative amount of HKD 866 million [2] - The stock has increased by 2.24% during this buyback period [2] - In 2023, the company has completed 31 buyback transactions, acquiring a total of 205 million shares for a total expenditure of HKD 876 million [2] Detailed Buyback Data - The buyback details include various dates, number of shares repurchased, highest and lowest prices, and total amounts spent [3] - For example, on November 13, the company repurchased 20 million shares at a maximum price of HKD 4.40, totaling HKD 87.86 million [3] - The buyback activity shows a consistent effort to stabilize the stock price and return value to shareholders [2][3]

Company News - Xinyi International (00732.HK) reported an unaudited consolidated revenue of approximately HKD 1.278 billion for November, a year-on-year decrease of about 14.9%. The cumulative revenue for the first 11 months was approximately HKD 15.259 billion, down 6.2% year-on-year [2] - Jieli Trading (08017) announced an increase of 10 institutional clients by November 2025, up by 4 clients year-on-year. The registered user count reached approximately 883,100, a year-on-year increase of 6.2%, while the number of users for IPO subscriptions was about 113,100, reflecting an 8.2% year-on-year growth [2] - China Overseas Development (00688.HK) reported a cumulative contract property sales amount of approximately RMB 211.399 billion for the first 11 months, a year-on-year decline of 21.8% [2] - Gemdale Commercial (00535.HK) recorded a cumulative contract sales total of approximately RMB 9.874 billion for the first 11 months, down 43.5% year-on-year [2] - China Overseas Hongyang Group (00081) reported a cumulative contract sales amount of RMB 29.615 billion for the first 11 months, a year-on-year decrease of 16.6% [2] - Sunac China (01918.HK) achieved a cumulative contract sales amount of approximately RMB 33.89 billion for the first 11 months, a year-on-year decrease of 25.34% [2] - Hongyang Real Estate (01996.HK) reported a cumulative contract sales amount of RMB 4.181 billion for the first 11 months, down 47.87% year-on-year [3] - Country Garden (02007.HK) achieved a contract sales amount of approximately RMB 2.35 billion in November [4] - China Biopharmaceutical (01177.HK) received NMPA and FDA approval for the clinical trial application of "TQF3250," an oral GLP-1 receptor agonist [4] Buyback Activities - Yueda Group (00772.HK) plans to repurchase up to 102.2 million shares with a maximum total expenditure of HKD 1.2 billion [5] - Tencent Holdings (00700.HK) repurchased approximately 1.044 million shares for about HKD 636 million, with repurchase prices ranging from HKD 605 to HKD 613 [5] - Xiaomi Group-W (01810.HK) repurchased 2.4 million shares for approximately HKD 101 million, with a repurchase price of HKD 41.88 [5] - COSCO Shipping Holdings (01919.HK) repurchased 3 million shares for approximately HKD 41.8218 million, with repurchase prices between HKD 13.89 and HKD 13.99 [5] - Kuaishou-W (01024.HK) repurchased 445,000 shares for approximately HKD 29.923 million, with repurchase prices ranging from HKD 67.00 to HKD 67.55 [6] - China Feihe (06186.HK) repurchased 6.281 million shares for approximately HKD 25.7521 million, with a repurchase price of HKD 4.1 [7] - Green Tea Group (06831.HK) plans to repurchase shares with a total price not exceeding HKD 130 million [7]

Group 1 - The company China Feihe (06186) announced a share buyback plan, committing to repurchase 6.281 million shares for a total cost of HKD 25.7521 million [1]

Group 1 - The company China Feihe (06186) announced a share buyback plan [1] - The total amount allocated for the buyback is HKD 25.7521 million [1] - The company plans to repurchase 6.281 million shares [1]

FF305 第 1 頁 共 6 頁 v 1.3.0 FF305 確認 不適用 第一章節註釋： 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中國飛鶴有限公司 呈交日期： 2025年12月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 06186 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | ...

Summary of Key Points Core Viewpoint - On December 3, 51 Hong Kong-listed companies conducted share buybacks, totaling 38.98 million shares and an aggregate amount of HKD 1.152 billion [1]. Group 1: Buyback Details - Tencent Holdings repurchased 1.04 million shares for HKD 636.25 million, with a highest price of HKD 616.00 and a lowest price of HKD 609.00, bringing its total buyback amount for the year to HKD 68.593 billion [1][2]. - Xiaomi Group-W repurchased 7.50 million shares for HKD 302.18 million, with a highest price of HKD 40.36 and a lowest price of HKD 40.14, totaling HKD 3.843 billion for the year [1][2]. - China COSCO Shipping repurchased 3.00 million shares for HKD 41.37 million, with a highest price of HKD 13.86 and a lowest price of HKD 13.72, totaling HKD 6.030 billion for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on December 3 was from Tencent Holdings at HKD 636.25 million, followed by Xiaomi Group-W at HKD 302.18 million [1][2]. - In terms of share quantity, Xiaomi Group-W led with 7.50 million shares repurchased, followed by Fenbi and China Feihe with 4.53 million and 4.00 million shares, respectively [1][2]. Group 3: Additional Buyback Information - The buyback by Tongdao Recruitment on this date marked its first buyback of the year, while Tencent Holdings has conducted multiple buybacks throughout the year [2].

Core Viewpoint - China Feihe has been actively repurchasing its shares, indicating a strategy to support its stock price and enhance shareholder value [2][3] Share Buyback Summary - On December 3, China Feihe repurchased 4 million shares at a price range of HKD 4.190 to HKD 4.200, totaling HKD 16.79 million [2] - The stock closed at HKD 4.180 on the same day, reflecting a decrease of 0.48% with a total trading volume of HKD 76.54 million [2] - Since October 24, the company has conducted buybacks for 28 consecutive days, acquiring a total of 197 million shares for a cumulative amount of HKD 841 million [2] - During this period, the stock price has increased by 3.98% [2] - Year-to-date, the company has executed 30 buybacks, totaling 199 million shares and an aggregate buyback amount of HKD 850 million [2] Detailed Buyback Data - The buyback details include various dates, number of shares repurchased, highest and lowest prices, and total amounts spent [3] - For example, on November 13, the company repurchased 2 million shares at a maximum price of HKD 4.400, with a total expenditure of HKD 87.86 million [3] - The buyback activity shows a consistent effort to stabilize and potentially increase the stock price through strategic repurchases [2][3]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 FF301 第 1 頁 共 11 頁 v 1.1.1 FF301 致：香港交易及結算所有限公司 公司名稱: 中國飛鶴有限公司 呈交日期: 2025年12月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06186 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000,000 | USD | 0.000000025 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 2,000,000,000,000 | USD | 0.000000025 ...

Group 1 - The company China Feihe (06186.HK) announced a share buyback plan on December 3, 2025, involving an expenditure of HKD 16.793 million to repurchase 4 million shares [1] - The buyback price is set between HKD 4.19 and HKD 4.20 per share [1]