000056SZSE

Announcement on the Repurchase and Cancellation of Restricted Stock Not Meeting the Conditions for the Third Unlocking Period of the 2023 Incentive Plan

*ST Royal Court Co., Ltd.··5p

✨ AI Summary

Shenzhen Huangting International Enterprise Co., Ltd. will repurchase and cancel 8,032,000 restricted shares that failed to meet the third unlocking period conditions of its 2023 incentive plan. The repurchase price is 2.50 yuan per share. This action is intended to ensure the company's 2025 operating income target of 4730.31 million yuan is met. The repurchase is not expected to negatively impact the company's financial status or operations and complies with legal regulations.

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Full Translation

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Shenzhen Huangting International Enterprise Co., Ltd. (hereinafter referred to as "the Company") convened the second meeting of the 2023 annual general meeting on April 22, 2026, and approved the proposal regarding the repurchase and cancellation of restricted stocks that did not meet the unlocking conditions of the 2023 incentive plan. The Company intends to repurchase 8,032,000 restricted stocks.

  1. Actual Implementation of This Repurchase Plan

(1) The relevant approval procedures for this repurchase plan

  1. The Company held the first meeting of the 2023 annual general meeting on January 9, 2023, and approved the proposal regarding the 2023 restricted stock incentive plan and the related matters.

  2. On February 3, 2023, the Company convened the second meeting of the 2023 annual general meeting and approved the proposal regarding the 2023 restricted stock incentive plan.

  3. On February 3, 2023, the Company held the second meeting of the 2023 annual general meeting and approved the proposal regarding the 2023 restricted stock incentive plan.

  4. On March 20, 2023, the Company announced the approval of the 2023 restricted stock incentive plan.

  5. On June 14, 2023, the Company held the first meeting of the 2023 annual general meeting and approved the proposal regarding the first unlocking conditions of the restricted stock.

  6. On May 30, 2025, the Company held the first meeting of the 2025 annual general meeting and approved the proposal regarding the first unlocking conditions of the restricted stock.

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