Optimistic about the company's development prospects, Cangping (09890) plans to repurchase shares up to HK$100 million

Zhitong Finance App News, Zepui (09890) announced that on May 13, 2026, the board of directors resolved to exercise a share repurchase authorization and continue to repurchase shares totaling no more than HK$40 million in the market within three months from May 13, 2026 in accordance with market conditions and capital arrangements. As of the date of this announcement, the Company has purchased a total of 16.166,800 shares, with a total transaction amount of approximately HK$232 million (excluding commissions), which is equivalent to an average repurchase price of HK$1,433 per share.

In view of the expiry of the 2026 proposed share repurchase period, based on confidence in the company's future development prospects and valuation potential, and commitment to enhance the company's image in the capital market, protect investors' interests and enhance investor confidence, the board of directors resolved to repurchase shares totaling up to HK$100 million on the market within 6 months immediately following the next trading day after August 25, 2026, in accordance with market conditions and capital arrangements, at a time and frequency determined by the board of directors from time to time, subject to the general authorization for repurchase approved by the Annual General Meeting of Shareholders on June 17, 2026 and other repurchase authorizations approved by the company's shareholders' meeting that may be passed within the next 6 months. The decision fully takes into account the company's current operating performance, financial situation and long-term strategic goals. The company will fund this share repurchase through available cash reserves.

The board of directors believes that the implementation of share repurchases conforms to the overall interests of the company and its shareholders. The company has always adhered to its strategic commitment and is committed to becoming a leading game and digital entertainment company in China, and has grown from a game company with big dreams to a comprehensive technological innovation enterprise driven by the “AI+ Gaming” twin engine and a global layout. The Group has always adhered to the concept of high-quality development, dug deep into the game ecosystem, and built a diversified intellectual property matrix. Under the global strategic deployment, the company will continue to improve the global distribution system, achieve business growth through precise market positioning, deep cultural adaptation and long-term operation strategies; at the same time, integrate artificial intelligence technology to improve operational efficiency and user stickiness, and comprehensively empower core areas such as game R&D, content production, and player services. The company remains highly optimistic about its future strategic growth trajectory and market position.