山东龙泉管业股份有限公司关于部分限制性股票回购注销完成的公告

Core Viewpoint - The company, Shandong Longquan Pipe Industry Co., Ltd., has announced the repurchase and cancellation of a total of 468,000 restricted stocks due to the departure of certain incentive targets from its 2024 stock incentive plans [2][3][14]. Group 1: Repurchase Details - The repurchased restricted stocks include 198,000 shares from the 2024 incentive plan at a price of 2.00 CNY per share and 270,000 shares from the second phase of the 2024 incentive plan at a price of 2.28 CNY per share [2][16]. - The total payment for the repurchase amounts to 1,011,600.00 CNY, sourced from the company's own funds [17][20]. - Following the repurchase, the company's total share capital will decrease from 563,694,346 shares to 563,226,346 shares [3][20]. Group 2: Approval Process - The repurchase was approved during the fourth extraordinary shareholders' meeting held on September 15, 2025, where the relevant proposals were discussed and passed [3][8]. - The company followed the necessary decision-making procedures as outlined in its stock incentive plans, including reviews by the compensation and assessment committee and the supervisory board [4][9]. Group 3: Impact and Compliance - The repurchase will not lead to changes in the company's controlling shareholder or actual controller, and the company's equity distribution will still meet the listing requirements [20]. - The repurchase of these restricted stocks is in accordance with the company's incentive plans and will not affect the ongoing implementation of the stock incentive program [20]. Group 4: Future Arrangements - After the completion of the stock repurchase and cancellation, the company will handle the necessary business registration changes and disclosures as per relevant laws and regulations [21].