沧州明珠塑料股份有限公司第九届董事会第二次（临时）会议决议公告

Core Viewpoint The company has decided to terminate the 2023 restricted stock incentive plan and adjust the repurchase price of the restricted stocks, which will be submitted for approval at the upcoming shareholders' meeting. This decision is based on the company's current operational challenges and the failure to meet performance targets. Group 1: Meeting Details - The second temporary meeting of the ninth board of directors was held on July 18, 2025, with all nine directors present [1][2] - The meeting adopted resolutions regarding the adjustment of the repurchase price of the 2023 restricted stock incentive plan and the termination of the plan [5][6] Group 2: Adjustments to Repurchase Price - The repurchase price for the first grant of the 2023 restricted stock incentive plan was adjusted from 2.26 CNY per share to 2.06 CNY per share [3][41] - The repurchase price for shares held by departing incentive participants was similarly adjusted [4][42] Group 3: Termination of Incentive Plan - The board approved the termination of the 2023 restricted stock incentive plan, which involves repurchasing and canceling 16,055,942 shares, accounting for 0.9641% of the total share capital [7][29] - The decision to terminate the plan was influenced by the failure to meet performance targets and changes in the operational environment [39][50] Group 4: Changes in Capital Structure - The company plans to change the use of repurchased shares, converting 740,500 shares from the incentive plan to be canceled and reduce registered capital [10][46] - Following the cancellation of shares, the total share capital will decrease from 1,665,394,648 shares to 1,648,598,206 shares [12][48] Group 5: Upcoming Shareholders' Meeting - A second temporary shareholders' meeting is scheduled for August 4, 2025, to vote on the proposed resolutions [19][56] - The meeting will include provisions for both on-site and online voting [58][60]