Gui Faxiang: Announcement on the first sale of repurchased shares
Securities code: 002820 Securities abbreviation: Gui Faxiang Announcement number: 2026-031
Tianjin Guifaxiang 18th Street Mahua Food Co., Ltd.
Announcement on the first sale of repurchased shares
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and contains no false records, misleading statements or major omissions.
Tianjin Guifaxiang 18th Street Mahua Food Co., Ltd. (hereinafter referred to as the company) held the 13th meeting of the fifth session of the board of directors on September 2, 2026, and reviewed and approved the "Proposal on the Sale of Repurchased Shares" and agreed to sell no more than 3,516,600 repurchased shares through centralized bidding within 15 trading days from the date of disclosure of the sale plan (i.e., September 28, 2026 to March 24, 2027). shares (inclusive), accounting for approximately 1.75% of the company’s total share capital. For details, please refer to the relevant announcement disclosed by the company in designated media on September 3, 2026.
According to the "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 9 - Repurchase of Shares" and relevant regulations, if a listed company uses centralized bidding to sell repurchased shares, it shall disclose the same on the trading day following the fact that the first sale of shares occurs. The relevant situation is now announced as follows:
1. Basic information on the shares repurchased by the company
The company held a shareholders' meeting on March 7, 2024 to review and approve the "Plan on Repurchasing Shares". It was resolved that in accordance with the provisions of the China Securities Regulatory Commission and the Shenzhen Stock Exchange on the repurchase of shares, which are "necessary to safeguard the company's value and shareholders' rights and interests", it will use its own funds not exceeding 50 million yuan (inclusive) and not less than 30 million yuan (inclusive) to repurchase the company's shares through centralized bidding, with the repurchase price not exceeding RMB 12.00. Yuan/share, the repurchase period is within 3 months from the date of review and approval by the shareholders’ meeting, and the repurchased shares will be sold in accordance with relevant regulations. The shareholders' meeting authorized the board of directors to handle matters related to the repurchase of shares and subsequent sales.
The company implemented share repurchase from March 8, 2024 to March 22, 2024, and repurchased a total of 5,525,200 shares of the company through centralized bidding through a special securities account for repurchase, accounting for 2.75% of the company's total share capital; the highest transaction price of the repurchased shares was 9.61 yuan/share, the lowest was 8.39 yuan/share, and the average price was 9.05 RMB/share, and the total repurchase amount paid was RMB 49,999,551.36 (including transaction costs); the implementation of the share repurchase complied with the requirements of relevant laws and regulations and the established repurchase plan. For details, please refer to the "Announcement on the Result of Repurchasing the Company's Shares and Changes in Shares" disclosed by the company on March 26, 2024.
The company has sold a total of 2,008,600 shares from June 1, 2026 to July 27, 2026, according to the repurchased share sale plan, accounting for 1% of the company's total share capital. For details, please refer to relevant announcements disclosed by designated media.
2. Progress of the sale of repurchased shares
On September 28, 2026, the company sold 172,900 repurchased shares for the first time through centralized bidding, accounting for 0.09% of the company's total share capital of 200,868,295 shares. The highest transaction price was 9.87 yuan/share, the lowest transaction price was 9.67 yuan/share, and the average sales price was 9.76 yuan/share. The total transaction volume of this sale was 1,686,692.00 yuan (excluding transaction fees). This sale is in line with the company's previously disclosed plans and complies with the "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 9 - Repurchase of Shares" and other relevant regulations.
3. Related risk warnings
There are uncertain risks in the implementation of the plan to sell the company's repurchased shares. The company will decide to implement the corresponding share sales plan based on specific circumstances such as market conditions and the company's stock price. The corresponding sales plan has uncertainties in sales time, quantity, price, etc.
The proposed sale of the repurchased shares complies with the "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 9 - Repurchase of Shares" and other relevant regulations. During the above-mentioned sale period, the company will strictly comply with the requirements of relevant laws and regulations and perform its information disclosure obligations in a timely manner. Investors are kindly requested to invest with caution and pay attention to investment risks.
Announcement is hereby made.
Board of Directors of Tianjin Guifaxiang 18th Street Mahua Food Co., Ltd.
September 29, 2026