Securities Code: 002042 Securities Abbreviation: Huafu Fashion Announcement No.: 2026-03
Huafu Fashion Co., Ltd. Announcement on the Plan to Sell Repurchased Shares in 2023 via Centralized Bidding
The Company and all members of its board of directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Huafu Fashion Co., Ltd. (hereinafter referred to as the "Company") held the first extraordinary meeting of the ninth board of directors on February 11, 2026, and reviewed and approved the "Proposal on the Plan to Sell Repurchased Shares in 2023 via Centralized Bidding." The Company agreed to sell the repurchased shares from 2023 via centralized bidding, commencing 15 trading days after the disclosure of this announcement. The implementation period is from March 16, 2026, to June 19, 2026. The number of shares to be sold shall not exceed 31,275,314 shares (accounting for 1.84% of the Company's current total share capital), and the selling price will be determined based on the secondary market price. The details are as follows.
I. Basic Information on Repurchased Shares from 2023
On March 17, 2023, the Company held the first extraordinary meeting of the eighth board of directors and reviewed and approved the "Proposal on the 2023 Share Repurchase Plan." The Company planned to use its own funds to repurchase issued RMB ordinary shares (A shares) through centralized bidding. The repurchased shares were intended to maintain the Company's value and shareholder equity, and would be subsequently sold in accordance with relevant regulations. The total repurchase amount was not less than RMB 100 million and not more than RMB 200 million. The repurchase price did not exceed RMB 4.60 per share. The implementation period for the share repurchase was no more than three months from the date the board of directors approved the share repurchase plan. Please refer to the "Announcement on the 2023 Share Repurchase Plan" (2023-07) disclosed by the Company on March 18, 2023, in the China Securities Journal, Securities Times, and on the CNINFO website (www.cninfo.com.cn).