002293SZSE

Announcement on Repurchase and Cancellation of Part of Restricted Shares

✨ AI Summary

Luo Lai Life Technology Co., Ltd. will repurchase and cancel 151,600 restricted shares from 3 incentive plan participants due to resignation or failure to meet performance targets. The repurchase price is RMB 3.66 per share, funded by the company's own capital. This action is expected to have no impact on the company's operating performance or management team's diligence.

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Securities Code: 002293 Securities Abbreviation: Luo Lai Life Announcement No.: 2026-023

Luo Lai Life Technology Co., Ltd. Announcement on Repurchase and Cancellation of Part of Restricted Shares

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.

Luo Lai Life Technology Co., Ltd. (hereinafter referred to as the "Company" or "Luo Lai Life") held the 20th meeting of the Sixth Board of Directors on April 21, 2026, and reviewed and approved the "Proposal on Repurchase and Cancellation of Part of Restricted Shares". Due to one incentive plan participant's resignation and two incentive plan participants' personal performance reasons, it is agreed to repurchase and cancel 151,600 restricted shares that have been granted but not yet vested among the aforementioned incentive plan participants. This proposal needs to be submitted to the Company's 2025 Annual Shareholders' Meeting for review. The relevant matters are detailed as follows:

I. Brief Introduction to the Equity Incentive Plan

  1. On November 8, 2024, the 11th (Extraordinary) Meeting of the Sixth Board of Directors of the Company reviewed and approved the "Proposal on the 2024 Restricted Share and Stock Option Incentive Plan (Draft) and its Summary", the "Proposal on the Performance Management Measures for the 2024 Restricted Share and Stock Option Incentive Plan", and the "Proposal on Authorizing the Shareholders' Meeting to Authorize the Board of Directors to Handle Matters Related to the 2024 Restricted Share and Stock Option Incentive Plan", agreeing to implement this incentive plan.

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