Core Viewpoint - Shengquan Group announced a plan to repurchase and cancel part of the restricted stock from its 2022 incentive plan due to the departure of six incentive targets who no longer meet the conditions for the incentive [2] Summary by Relevant Sections - **Repurchase Details** - The company plans to repurchase a total of 13,500 shares of restricted stock, with 10,500 shares from the initial grant priced at 11.00 yuan per share and 3,000 shares from the reserved grant priced at 10.80 yuan per share [2]

Core Points - The company held its sixth meeting of the eighth supervisory board on April 2, 2025, with all procedures complying with the Company Law and Articles of Association [1][2] - The supervisory board approved a proposal to repurchase and cancel part of the restricted stock from the 2022 incentive plan, involving 1,377,322 shares at a price of 45.62 yuan per share, using the company's own funds [2] Summary by Sections - **Meeting Details** - The meeting was convened and conducted according to legal requirements, with three supervisors present [1][2] - **Proposal Approval** - The proposal to repurchase and cancel restricted stocks was passed with unanimous support (3 votes in favor, 0 against, 0 abstentions) [2] - The repurchase involves 240 incentive recipients and is in line with relevant regulations [2] - **Financial Implications** - The total number of shares to be repurchased is 1,377,322, with a total expenditure of approximately 62.8 million yuan (1,377,322 shares * 45.62 yuan/share) [2]