<div id="readability-page-1"><h3>Memorial Day Sale – Claim 70% Off TipRanks</h3><ul><li>Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis. </li><li>Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter </li></ul>An announcement from Sinopharm Group Co ( (HK:1099) ) is now available. Sinopharm Group has convened a domestic shareholders’ class meeting for 18 June 2026 in Shanghai to seek approval for a special resolution granting its board a general mandate to repurchase up to 10% of the company’s H shares in issue, excluding any treasury shares. The proposed mandate would give the board broad authority to set repurchase terms, handle related foreign exchange and account arrangements, decide whether to cancel or hold repurchased shares as treasury stock, adjust registered capital and amend the articles accordingly, signaling active capital management that could affect share liquidity, capital structure and returns for investors. Under the resolution, the repurchase authority would be effective from its approval until the next annual general meeting or its earlier revocation or amendment by shareholders, providing a defined window for potential buybacks. This move aligns Sinopharm with common practices among Hong Kong–listed companies using share repurchases as a tool for optimizing capital allocation and potentially supporting the company’s valuation in the capital markets. The most recent analyst rating on (HK:1099) stock is a Buy with a HK$22.50 price target. To see the full list of analyst forecasts on Sinopharm Group Co stock, see the HK:1099 Stock Forecast page. More about Sinopharm Group Co Sinopharm Group Co. Ltd. is a major Chinese pharmaceutical distributor and healthcare services provider, incorporated in the People’s Republic of China and listed in Hong Kong. The group operates across the pharmaceutical supply chain, serving hospitals, pharmacies and healthcare institutions, and plays a significant role in China’s medicine and medical device distribution market. Average Trading Volume: 5,714,234 Technical Sentiment Signal: Sell Current Market Cap: HK$54.77B Learn more about 1099 stock on TipRanks’ Stock Analysis page.</div>

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Sinopharm Group Co. is seeking shareholder approval for a mandate to repurchase up to 10% of its H shares, excluding treasury shares. The meeting is scheduled for June 18, 2026, in Shanghai. This move aims to optimize capital allocation and potentially enhance the company's valuation. The repurchase authority will remain effective until the next annual general meeting or until revoked by shareholders.

Sinopharm Seeks Shareholder Mandate for Up to 10% H-Share Buyback