JONJEE(SH:600872) Zheng Quan Zhi Xing·2025-08-27 13:16Core Viewpoint - The company plans to repurchase and cancel a total of 481,978 restricted stocks from its 2024 incentive plan due to the disqualification of seven incentive targets who have left or retired from the company [1][2][10]. Summary by Sections Reasons for Repurchase - The repurchase is due to seven individuals no longer meeting the criteria for incentive targets, with two leaving voluntarily, two having their contracts terminated by mutual agreement, and three retiring [2][7][10]. Quantity and Nature of Stocks - The total number of restricted stocks to be repurchased is 481,978 shares, which will reduce the company's total share capital from 778,991,206 shares to 778,509,228 shares [1][10]. Impact on Company - After the completion of the repurchase, the structure of the company's shares will change, with limited shares decreasing from 8,003,256 to 7,521,278, while unlimited shares remain unchanged at 770,987,950 [10]. Approval Process - The repurchase proposal was approved by the Compensation and Assessment Committee and the Board of Directors, with unanimous votes in favor during meetings held on August 27, 2025 [11].