Shenzhen Demingli Technology Co., Ltd.
Announcement on the Completion of Repurchase and Cancellation of Part of Restricted Shares under the 2023 and 2024 Restricted Share Incentive Plans
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
Special Reminder:
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The number of restricted shares repurchased and cancelled under the 2023 Restricted Share Incentive Plan is 1,528 shares, accounting for 0.31% of the restricted shares granted and registered for the first time under the 2023 Restricted Share Incentive Plan that have not yet been released from lock-up. The number of restricted shares repurchased and cancelled under the 2024 Restricted Share Incentive Plan is 1,260 shares, accounting for 0.14% of the restricted shares granted and registered for the first time under the 2024 Restricted Share Incentive Plan that have not yet been released from lock-up. A total of 2,788 shares were repurchased and cancelled, accounting for 0.0012% of the company's total share capital of 226,845,658 shares before this repurchase and cancellation. A total of RMB 62,051.06 was paid to 2 former restricted share incentive plan participants for the repurchase and cancellation.
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The repurchase and cancellation of part of the restricted shares resulted in a decrease of 2,788 shares in the company's total share capital, from 226,845,658 shares to 226,842,870 shares. This also requires a corresponding adjustment to the upper limit of the number of shares to be issued in the company's private placement to specific objects in 2025. The company will fulfill the relevant approval procedures and disclose in a timely manner.
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As of the date of this announcement, the aforementioned restricted shares have been cancelled through the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.
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The repurchase and cancellation of restricted shares comply with laws, administrative regulations, departmental rules, normative documents, the Articles of Association, the "Draft 2023 Restricted Share Incentive Plan," the "Draft 2024 Restricted Share Incentive Plan," and other relevant regulations.
On June 22, 2026, the Company held the 2026 Second Extraordinary General Meeting of Shareholders, which deliberated and approved the "Proposal on Repurchasing and Cancelling Part of the Restricted Shares under the 2023 and 2024 Restricted Share Incentive Plans." The Company agreed to repurchase and cancel part of the restricted shares under the 2023 and 2024 Restricted Share Incentive Plans in accordance with the "Draft 2023 Restricted Share Incentive Plan" and the "Draft 2024 Restricted Share Incentive Plan."
According to the "Draft 2023 Restricted Share Incentive Plan," the repurchase and cancellation of 1,528 restricted shares granted for the first time under the 2023 Restricted Share Incentive Plan, which were granted and registered but not yet released from lock-up, by 1 former employee who resigned. The repurchase price was calculated as RMB 12.86 per share plus the bank's current deposit interest. The repurchase and cancellation of 1,260 restricted shares granted for the first time under the 2024 Restricted Share Incentive Plan, which were granted and registered but not yet released from lock-up, by 1 former employee who resigned. The repurchase price was calculated as RMB 31.55 per share plus the bank's current deposit interest. The total number of shares repurchased and cancelled is 2,788 shares, and the total repurchase price is RMB 62,051.06. The source of funds for the repurchase is the company's own capital. The repurchase and cancellation have been completed, and the relevant matters are hereby announced as follows:
I. Decision-making Procedures and Information Disclosure for the 2023 and 2024 Restricted Share Incentive Plans
(I) Decision-making Procedures and Information Disclosure for the 2023 Restricted Share Incentive Plan