Securities Code: 000681
Securities Abbreviation: Vision China
Announcement No.: 2026-067
Vision (China) Cultural Development Co., Ltd.
Announcement on the Adjustment of the Repurchase Price of the 2023 Restricted Stock Incentive Plan
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.
Vision (China) Cultural Development Co., Ltd. (hereinafter referred to as the "Company") held the 11th meeting of the 11th Board of Directors on August 7, 2026, and deliberated and passed the "Proposal on Adjusting the Repurchase Price of the 2023 Restricted Stock Incentive Plan". In view of the completion of the Company's 2025 equity distribution, in accordance with the relevant provisions of the 2023 Restricted Stock Incentive Plan, the Company will adjust the repurchase price to 7.453 yuan/share.
The relevant matters are hereby announced as follows:
I. Decisions Made and Information Disclosure Status
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On September 28, 2023, the Company convened the 11th meeting of the 10th Board of Directors and the 7th meeting of the 10th Supervisory Board, and deliberated and passed the "Proposal on the Company's <2023 Restricted Stock Incentive Plan (Draft)> and its Summary", "Proposal on the Company's <2023 Restricted Stock Incentive Plan Implementation and Assessment Management Measures>", and other related proposals. The independent directors of the Company issued independent opinions. The Supervisory Board issued a verification opinion on the relevant matters of this incentive plan. For details, please refer to the relevant announcements published in China Securities Journal, Shanghai Securities News, Securities Daily, and CNINFO (www.cninfo.com.cn) on September 29, 2023.
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From October 27, 2023, to November 6, 2023, the Company publicly disclosed the names and positions of the intended recipients of this incentive plan internally. During the disclosure period, the Company's Supervisory Board did not receive any objections related to the intended recipients of this incentive plan. On November 8, 2023, the Company disclosed the "Supervisory Board's Verification Opinion and Public Disclosure Statement on the List of Initial Grantees of the 2023 Restricted Stock Incentive Plan" (Announcement No.: 2023-069).
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On November 13, 2023, the Company convened the 2023 Third Extraordinary General Meeting of Shareholders, which deliberated and passed the "Proposal on the Company's <2023 Restricted Stock Incentive Plan (Draft)> and its Summary", "Proposal on the Company's <2023 Restricted Stock Incentive Plan Implementation and Assessment Management Measures>", and "Proposal to Authorize the General Meeting of Shareholders to Handle Matters Related to the 2023 Restricted Stock Incentive Plan". For details, please refer to the relevant announcements published in China Securities Journal, Shanghai Securities News, Securities Daily, and CNINFO (www.cninfo.com.cn) on November 14, 2023.