Stock Code: 002340 Stock Abbreviation: GEM Announcement No.: 2026-021
GEM Co., Ltd. Announcement on Repurchasing and Canceling Restricted Shares to Reduce Registered Capital and Notifying Creditors
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.
GEM Co., Ltd. (hereinafter referred to as the "Company") held its 7th Board of Directors' 10th meeting on January 26, 2026, and its 2026 First Extraordinary General Meeting on March 6, 2026. The meeting deliberated and approved the "Proposal on Adjusting the Repurchase Price of Restricted Shares and Repurchasing and Canceling Part of the Restricted Shares Granted to Incentive Recipients That Have Not Yet Been Unlocked." In accordance with the Company's "2024 Restricted Share Incentive Plan (Draft)" and relevant regulations, the Board of Directors has decided to repurchase and cancel restricted shares that do not meet the company-level unlockable proportion beyond the performance assessment target and restricted shares granted to 8 resigned employees that have not yet been unlocked, totaling 973,846 shares.
Therefore, upon completion of this repurchase and cancellation of restricted shares, the Company's total share capital will change from 5,103,333,507 shares to 5,102,359,661 shares, and the registered capital will change from RMB 5,103,333,507 yuan to 5,102,359,661 yuan.
For the specific details above, please refer to the relevant announcements disclosed by the Company on January 28, 2026, and March 7, 2026, in the designated information disclosure media: China Securities Journal, Securities Times, Shanghai Securities News, Securities Daily, and the Giant Information Network (www.cninfo.com.cn).