Announcement on Changes to Registered Capital and Amendments to the Articles of Association
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
Shenzhen INVT Electric Co., Ltd. (hereinafter referred to as the "Company") held the 17th meeting of the 7th Board of Directors on April 16, 2026, and reviewed and approved the "Proposal on Changes to Registered Capital and Amendments to the Articles of Association." It is agreed to change the Company's registered capital and amend the Articles of Association, with the details as follows:
I. Changes to Registered Capital
On April 16, 2026, the Company held the 17th meeting of the 7th Board of Directors and reviewed and approved the "Proposal on Repurchase and Cancellation of Part of Restricted Shares." Given that the performance assessment targets set for the first vesting period of the 2025 restricted share and stock option incentive plan were not met, the Company agreed to repurchase and cancel 2,682,000 restricted shares that do not meet the vesting conditions for all incentive recipients. The repurchase price is RMB 4.80 per share, the price at which they were granted. This proposal, upon approval by the shareholders' meeting, will take effect and correspondingly reduce the Company's registered capital and share capital.
Based on the above reasons for the change in share capital, the Company proposes to change its registered capital from RMB 822.7406 million to RMB 820.0586 million, and the total number of shares from 822.7406 million shares to 820.0586 million shares.