Shenzhen Demingli Technology Co., Ltd. (hereinafter referred to as "the Company" or "Demingli") held the 43rd meeting of the second board of directors on June 4, 2026, where it reviewed and approved the proposal regarding the repurchase and cancellation of certain restricted stocks from the 2023 and 2024 stock incentive plans. The Company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
According to the relevant provisions of the "Management Measures for Equity Incentives of Listed Companies" and the Company's "Draft of the 2023 Restricted Stock Incentive Plan," the Company intends to repurchase and cancel 1,528 shares of restricted stock granted to a departing employee, which have been registered but not yet released from restrictions. This represents 0.31% of the total number of restricted stocks that have been registered but not yet released from restrictions in this incentive plan, which is 488,746 shares, and 0.0007% of the Company's total share capital of 226,845,658 shares as of May 31, 2026. After this repurchase and cancellation, the number of restricted stocks that have been registered but not yet released from restrictions in this incentive plan will be adjusted from 488,746 shares to 487,218 shares, and the number of initial incentive recipients will be adjusted from 81 to 80, while the reserved portion of granted but not yet released restricted stocks and incentive recipients will remain unchanged.
Additionally, according to the relevant provisions of the "Management Measures for Equity Incentives of Listed Companies" and the Company's "Draft of the 2024 Restricted Stock Incentive Plan," the Company intends to repurchase and cancel 1,260 shares of restricted stock granted to another departing employee, which have been registered but not yet released from restrictions. This represents 0.08% of the total number of restricted stocks that have been registered but not yet released from restrictions in this incentive plan, which is 1,555,400 shares, and 0.0006% of the Company's total share capital of 226,845,658 shares as of May 31, 2026. After this repurchase and cancellation, the number of restricted stocks that have been registered but not yet released from restrictions in this incentive plan will be adjusted from 1,555,400 shares to 1,554,140 shares, and the number of initial incentive recipients will be adjusted from 75 to 74, while the reserved portion of granted but not yet released restricted stocks and incentive recipients will remain unchanged. This matter still needs to be submitted to the Company's shareholders' meeting for deliberation.