Meihu Co., Ltd.: Controlling shareholder proposes share repurchase of RMB 30 million50 million.

Meihu Co., Ltd. announced that on October 23, 2026, the company received a letter from Xu Zhongqiu, the controlling shareholder, actual controller, and chairman, proposing a share repurchase. He proposed to repurchase A-shares through centralized bidding using self-owned funds or self-raised funds, with a total amount of no 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 over the 30 trading days prior to the board of directors' resolution approving the share repurchase. The repurchased shares will be used to reduce registered capital, and the term shall be within 6 months from the date the shareholders' meeting deliberates and approves the plan. This matter still needs to go through the relevant deliberation procedures.