Stock Code: 000882 Stock Abbreviation: Hualian Shares Announcement No.: 2026-031
Beijing Hualian Department Store Co., Ltd. Announcement on Share Repurchase Plan
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Key Information Prompt: ● To maintain the value of Beijing Hualian Department Store Co., Ltd. (hereinafter referred to as the "Company") and the interests of all shareholders, based on confidence in the Company's future development prospects and recognition of its value, the Company plans to use its own funds to repurchase the Company's shares through centralized bidding within three months from the date of the Board of Directors' resolution. The repurchased shares will be ordinary RMB common shares (A shares) issued by the Company, with a total amount of not less than RMB 100 million (inclusive) and not exceeding RMB 150 million (inclusive). ● The Company's directors, senior management, controlling shareholders, actual controllers, and their concerted parties currently have no clear plans to increase or decrease their holdings during the share repurchase period. If there are any future plans to increase or decrease holdings, information disclosure obligations will be fulfilled in a timely manner according to relevant regulations. ● This share repurchase involves uncertainty risks, and investors are advised to pay attention to investment risks.
In accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Regulations on Share Repurchases by Listed Companies," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 9—Share Repurchases," and other relevant laws and regulations, departmental rules, normative documents, and the "Articles of Association of Beijing Hualian Department Store Co., Ltd." (hereinafter referred to as the "Articles of Association"), the Company has formulated a share repurchase plan, which has been reviewed and approved by the 21st meeting of the 9th Board of Directors.
In accordance with the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 9—Share Repurchases" and the "Articles of Association," this share repurchase plan does not require submission to the Company's shareholders' meeting for approval. The details of the share repurchase are hereby announced as follows:
I. Main Content of the Share Repurchase Plan
(I) Purpose of Share Repurchase To maintain the Company's value and the interests of all shareholders, based on confidence in the Company's future development prospects and recognition of its value, the Company plans to use its own funds to repurchase the Company's shares through centralized bidding.
(II) Conditions for Share Repurchase This share repurchase complies with the relevant conditions stipulated in the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 9—Share Repurchases":
- The Company's stock has been listed for more than six months;
- The Company has had no major violations of laws and regulations in the past year;
- After the share repurchase, the Company has the ability to perform its debt obligations and maintain its ongoing operations;
- After the share repurchase, the equity distribution of the Company meets the listing conditions;
- Other conditions stipulated by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.
As of March 31, 2026, the Company's unaudited net assets per share were RMB 2.39. On the trading day prior to the disclosure date of this announcement, the Company's stock closing price was RMB 1.33 per share, which is lower than the Company's latest net assets per share. This meets the condition stipulated in Article 2, Paragraph 2 of the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 9—Share Repurchases" for repurchasing company shares as necessary to maintain the Company's value and shareholder interests.