Huilv Ecological Technology Group Co., Ltd. Compensation and Assessment Committee's Review Opinion on Repurchasing and Canceling Part of the 2025 Restricted Shares and Adjusting the Repurchase Price
Huilv Ecological Technology Group Co., Ltd. (hereinafter referred to as the "Company") Compensation and Assessment Committee, in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Administrative Measures for Equity Incentives of Listed Companies" (hereinafter referred to as the "Measures") and other relevant laws, regulations, normative documents, and the "Articles of Association", hereby expresses the following opinions on the Company's repurchase and cancellation of part of the 2025 restricted shares and adjustment of the repurchase price:
According to the "2025 Restricted Share Incentive Plan (Draft)" (hereinafter referred to as the "2025 Incentive Plan") and the "Administrative Measures for the Implementation Assessment of the 2025 Restricted Share Incentive Plan", one initial grantee of the Company's 2025 Restricted Share Incentive Plan is unable to fully lift the restrictions on sale of their granted restricted shares due to personal performance assessment reasons. The Company will repurchase and cancel 6,750 restricted shares that cannot be released from restrictions.
Given that the Company's 2024 annual profit distribution plan has been completed, in accordance with the provisions of Article 1, "Method of Adjusting Repurchase Price", Chapter Fourteen, "Principles for Repurchase and Cancellation of Restricted Shares" of the "2025 Incentive Plan", if the Company experiences events such as capital reserve to share capital conversion, stock dividend distribution, share split, rights issue, share consolidation, or dividend distribution after the granted restricted shares of the incentive grantee are registered, which affect the total share capital of the Company or the price and quantity of the Company's stock, the repurchase price and quantity of the restricted shares that have not yet been released from restrictions shall be adjusted accordingly.