Meidi Group Co., Ltd. (hereinafter referred to as the "Company") held the 14th meeting of the 2026 Board of Directors on April 29, 2026, and passed the proposal regarding the repurchase of shares under the 2022 and 2023 restricted stock incentive plans.
I. Progress and Approval of the 2022 Restricted Stock Incentive Plan
-
On April 28, 2022, the Company convened the 2022 Annual General Meeting and approved the "2022 Restricted Stock Incentive Plan (Draft)" and its summary. The fourth meeting of the Board of Supervisors reviewed the "2022 Restricted Stock Incentive Plan (Draft)" and conducted a review.
-
On May 20, 2022, the Company convened the 2021 Annual General Meeting and approved the "2022 Restricted Stock Incentive Plan (Draft)" and its summary.
-
The Company has repurchased 199,000 shares at a total price of 12,630,000 yuan, with a price of 28.14 per share. The plan was approved on May 27, 2022.
-
Based on the 2021 Annual General Meeting, the Company approved the "2022 Restricted Stock Incentive Plan" at a price of 28.14 per share.
-
The Company has repurchased 12,450,000 shares under the 2022 Restricted Stock Incentive Plan.
-
According to management regulations, the Company completed the registration of the 2022 restricted stock incentive plan on July 13, 2022.
-
The Company convened the 2023 first interim stockholders' meeting on July 6, 2023, and approved the proposal regarding the repurchase of shares under the 2022 restricted stock incentive plan.
-
The Company submitted an application to the China Securities Regulatory Commission for the repurchase of 270,000 shares under the 2022 restricted stock incentive plan.
-
The Company submitted an application for the repurchase of 16,000 shares under the 2022 restricted stock incentive plan.
-
The Company convened the 2023 second interim stockholders' meeting on June 20, 2023, and approved the proposal regarding the repurchase of shares under the 2022 restricted stock incentive plan.
-
The Company submitted an application for the repurchase of 1,052,500 shares under the 2022 restricted stock incentive plan.
-
The Company submitted an application for the repurchase of 681,500 shares under the 2022 restricted stock incentive plan.
-
The Company convened the 2024 first interim stockholders' meeting on January 10, 2024, and approved the proposal regarding the repurchase of shares under the 2022 restricted stock incentive plan.
-
The Company convened the 2024 first interim stockholders' meeting on January 29, 2024, and approved the proposal regarding the repurchase of shares under the 2022 restricted stock incentive plan.
-
The Company submitted an application for the repurchase of 463,250 shares under the 2022 restricted stock incentive plan.
-
The Company has completed the repurchase of shares under the 2022 restricted stock incentive plan.
-
The Company convened the 2024 second interim stockholders' meeting on July 2, 2024, and approved the proposal regarding the repurchase of shares under the 2022 restricted stock incentive plan.
-
The Company submitted an application for the repurchase of 681,500 shares under the 2022 restricted stock incentive plan.
-
The Company convened the 2025 first interim stockholders' meeting on January 15, 2025, and approved the proposal regarding the repurchase of shares under the 2022 restricted stock incentive plan.
-
The Company submitted an application for the repurchase of 271,333 shares under the 2022 restricted stock incentive plan.
-
The Company convened the 2025 second interim stockholders' meeting on June 12, 2025, and approved the proposal regarding the repurchase of shares under the 2022 restricted stock incentive plan.
-
The Company submitted an application for the repurchase of 2,518,700 shares under the 2022 restricted stock incentive plan.
-
On May 29, 2025, the Company held its fifth board meeting and approved the proposal regarding the repurchase of shares under the 2023 restricted stock incentive plan, based on the implementation of the 2024 annual profit distribution plan. The purchase price for the restricted stock will be adjusted to ¥22.89 per share, and the adjustment will be ¥19.39 per share.