浙江五芳斋实业股份有限公司关于2023年限制性股票激励计划部分限制性股票回购注销实施公告

Core Viewpoint - Zhejiang Wufangzhai Industrial Co., Ltd. announced the repurchase and cancellation of 53,331 restricted stocks due to the departure of two incentive targets, in accordance with its 2023 Restricted Stock Incentive Plan [2][3][4]. Group 1: Repurchase and Cancellation Details - The decision for the repurchase was made during the board and supervisory board meetings held on September 10, 2025, where the proposal was approved [3]. - The repurchase involves 53,331 restricted stocks that were granted but not yet released from restrictions, as the incentive targets no longer meet the eligibility criteria due to their departure [3][4]. - Following the cancellation, the total number of remaining restricted stocks under the incentive plan will be 1,060,811 shares [4]. Group 2: Legal and Compliance Aspects - The company has complied with legal requirements, including notifying creditors about the capital reduction process related to the stock cancellation [3][9]. - A legal opinion from Shanghai Jintiancheng Law Firm confirmed that the repurchase and cancellation process adheres to relevant regulations and the company's incentive plan [9]. Group 3: Impact on Share Capital Structure - After the cancellation of the 53,331 restricted stocks, the company's total share capital will decrease from 197,125,868 shares to 197,072,537 shares [7].