Meihu Co., Ltd. announced that on October 23, 2026, the company received a letter from the controlling shareholder, actual controller and chairman Xu Zhongqiu proposing to repurchase the company's shares. The proposal is to use its own funds or self-raised funds to repurchase A-shares through centralized bidding, with a total capital of not less than RMB 30 million and no more than RMB 50 million. The repurchase price shall not exceed 150% of the average trading price of the company's shares in the 30 trading days before the board of directors passed the share repurchase resolution. The repurchase of shares is used to reduce registered capital, and the period is 6 months from the date the shareholders' meeting reviews and approves the plan. The matter is still subject to relevant review procedures.

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