Group 1 - The company has decided to repurchase and cancel a total of 18,000 restricted stocks that have not met the incentive conditions due to changes in the status of certain incentive recipients [1][2] - The total share capital of the company will decrease from 337,529,000 shares to 337,511,000 shares following the repurchase and cancellation [3] - The company is notifying creditors that they have 45 days from the announcement date to request debt repayment or provide corresponding guarantees due to the reduction in registered capital [3][4] Group 2 - Creditors must submit written requests along with relevant proof documents to claim their debts, and specific materials are required depending on whether the creditor is an individual or a legal entity [4]

Core Viewpoint - The company has announced an adjustment to the repurchase price of restricted stock under its 2023 incentive plan and will repurchase and cancel 18,000 shares of restricted stock due to the departure of two incentive recipients and the death of one recipient not related to their duties [1][6][8] Summary by Sections Repurchase Details - The number of restricted stocks to be repurchased is 18,000 shares [1] - The repurchase price is set at 9.50 yuan per share [1][6] Background and Procedures - The company held board meetings on August 27, 2025, to approve the adjustment of the incentive plan [1] - The repurchase and cancellation of restricted stocks do not require shareholder approval as per the resolutions passed in previous meetings [2][4] Reasons for Repurchase - The repurchase is due to the departure of two incentive recipients and the death of one recipient, which disqualifies them from the incentive plan [6][7] - The repurchase price was adjusted based on the company's profit distribution and other financial considerations [6][7] Impact on Share Structure - After the repurchase, the total number of shares will decrease from 337,529,000 to 337,511,000 [7] - The number of restricted shares will decrease from 3,975,000 to 3,957,000 [7] Monitoring and Compliance - The supervisory board has confirmed that the repurchase and adjustments comply with relevant regulations and do not harm the interests of the company or its shareholders [7][8] - The company will follow necessary procedures for share cancellation and legal compliance [8]

Group 1 - The company held its 21st temporary meeting of the sixth supervisory board on June 13, 2025, with all three supervisors participating in the voting process [1][2] - The supervisory board approved the proposal to repurchase and cancel part of the restricted stock from the 2023 incentive plan, totaling 2.79025 million shares, due to performance assessment not meeting targets [1][2] - Following the repurchase, the company's registered capital will decrease from RMB 509.32447 million to RMB 506.53422 million, reflecting the cancellation of the restricted stocks [2] Group 2 - The company plans to amend its articles of association to eliminate the supervisory board and transfer its powers to the audit committee of the board of directors, in compliance with relevant regulations [2]