Securities Code: 002340 Securities Abbreviation: Gem Announcement No.: 2026-039
Gem Co., Ltd. Announcement on the Completion of 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 herein, and that there are no false records, misleading statements, or material omissions.
Special Reminder:
- Gem Co., Ltd. (hereinafter referred to as the "Company") has repurchased and cancelled a total of 973,846 restricted shares, accounting for 0.02% of the Company's total share capital before cancellation. After the repurchase and cancellation, the Company's total share capital has changed from 5,103,333,507 shares to 5,102,359,661 shares, and the registered capital has changed from RMB 5,103,333,507 to RMB 5,102,359,661.
- The restricted shares repurchased and cancelled this time are the 973,846 restricted shares granted under the Company's 2024 Restricted Share Incentive Plan. There are 177 incentive recipients, and the grant date was September 27, 2024. The total repurchase amount for these restricted shares is RMB 3,032,556.44.
- On May 11, 2026, the Company completed the repurchase and cancellation procedures for the aforementioned restricted shares with the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. The Company will proceed with the necessary procedures for amending the Articles of Association and industrial and commercial registration.
The Company's Seventh Board of Directors' Tenth Meeting, held on January 26, 2026, approved the "Proposal on Adjusting the Repurchase Price of Restricted Shares and Repurchasing and Cancelling 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, it was agreed to repurchase and cancel a total of 973,846 restricted shares that did not meet the company-level performance assessment target for unlocking, as well as restricted shares granted to 8 resigned employees that have not yet been unlocked. This repurchase and cancellation matter was approved by the Company's 2026 First Extraordinary General Meeting of Shareholders held on March 6, 2026. For details, please refer to the relevant announcements published by the Company in "China Securities Journal," "Securities Times," "Shanghai Securities News," "Securities Daily," and on the Juchao Information Network (http://www.cninfo.com.cn).
As of the date of this announcement, the Company has completed the repurchase and cancellation procedures for the aforementioned restricted shares with the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. The relevant matters are hereby announced as follows: