Cowell e Holdings Inc. bought back 150,000 ordinary shares on 15 September 2026, according to its Next Day Disclosure Return filed with the Hong Kong Stock Exchange.

The shares were repurchased on-market at prices ranging from HK$22.90 to HK$23.12, for a volume-weighted consideration of HK$3.45 million. All repurchased shares have been retained as treasury stock.

Capital structure impact: • Outstanding shares (excluding treasury shares) declined by 0.017% to 867.63 million. • Treasury shares rose to 2.41 million, leaving total issued shares unchanged at 870.04 million.

Mandate utilisation: • The current repurchase mandate, approved on 28 May 2026, authorises Cowell to buy back up to 86.83 million shares. • Aggregate buybacks under this mandate now stand at 2.41 million shares, equal to 0.28% of the shares in issue on the mandate date, leaving substantial headroom for further repurchases.

Regulatory considerations: • Cowell is restricted from issuing new shares or disposing of treasury shares for 30 days following the latest repurchase, i.e., until 15 October 2026.

The company confirmed that the transaction complied with Hong Kong listing rules and all applicable legal requirements.