002825SZSE

Announcement on Capital Reduction Regarding Repurchase and Cancellation of Part of Restricted Shares

Naar Co., Ltd.··2 pages

✨ AI Summary

Shanghai Nar Industrial Co., Ltd. announces the repurchase and cancellation of 44.9606 million restricted shares due to an employee's departure and failure to meet performance targets. This will reduce the company's registered capital and total share capital. Creditors have 45 days to request debt settlement or guarantee.

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Stock Code: 002825 Stock Abbreviation: Nar Shares Announcement No.: 2026-047

Shanghai Nar Industrial Co., Ltd.

Announcement on Capital Reduction Regarding Repurchase and Cancellation of Part of Restricted Shares

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 major omissions.

Shanghai Nar Industrial Co., Ltd. (hereinafter referred to as the "Company") held the third meeting of the sixth Board of Directors on August 7, 2026, and reviewed and approved the "Proposal on Repurchase and Cancellation of Part of Granted but Unlocked Restricted Shares." It was agreed to repurchase and cancel 80,000 restricted shares granted to Mr. Cheng Yun, a former incentive recipient who is not eligible for incentives due to resignation. At the same time, the Board of Directors belie

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