Securities Code: 002951
Securities Abbreviation: Jinshi Technology
Announcement No.: 2026-044
Sichuan Jinshi Technology Co., Ltd.
Announcement on the Completion of Repurchase and Cancellation of Part of Restricted Shares under the 2025 Restricted Share Incentive Plan
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
Special Reminders:
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This repurchase and cancellation involves 30 incentive recipients, with 1.9361 million restricted shares repurchased and cancelled, accounting for approximately 0.48% of the Company's total share capital before repurchase and cancellation.
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The repurchase price for this batch was RMB 7.71 per share, with interest paid at the prevailing bank deposit rate for the corresponding period.
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As of the disclosure date of this announcement, the Company has completed the repurchase and cancellation procedures with Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. After the repurchase and cancellation, the Company's total share capital has changed from 405,000,000 shares to 403,063,900 shares.
Sichuan Jinshi Technology Co., Ltd. (hereinafter referred to as the "Company") held its 24th meeting of the Third Board of Directors on April 27, 2026, and its 2025 Annual Shareholders' Meeting on May 22, 2026, respectively. Both meetings deliberated and approved the "Proposal on Repurchasing and Cancelling Part of Restricted Shares Due to Failure to Meet the Conditions for Lifting the First Restriction Period of the 2025 Restricted Share Incentive Plan" and the "Proposal on Amending the Company's Articles of Association by Changing the Company's Registered Capital."
In accordance with the "2025 Restricted Share Incentive Plan" (hereinafter referred to as the "Incentive Plan") and the "Performance Assessment and Management Measures for the Implementation of the 2025 Restricted Share Incentive Plan," due to the Company's 2025 performance indicators not meeting the company-level performance assessment conditions set for the first vesting period of the "Incentive Plan," the Company proposed to repurchase and cancel 50% of the unvested restricted shares granted to 30 incentive recipients under the "Incentive Plan," totaling 1.9361 million shares, which is approximately 0.48% of the Company's total share capital before this repurchase and cancellation.
After confirmation by Shenzhen Branch of China Securities Depository and Clearing Corporation Limited, the repurchase and cancellation of these 1.9361 million restricted shares has been completed recently. The relevant matters are hereby announced as follows:
I. Approval Procedures for this Incentive Plan
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On September 19, 2025, the Company convened the third meeting of the Remuneration and Assessment Committee of the Third Board of Directors and the 18th meeting of the Third Board of Directors. Both meetings deliberated and approved the "Proposal on the Exposure Draft of the 2025 Restricted Share Incentive Plan (Exposure Draft) and its Summary," the "Proposal on the Performance Assessment and Management Measures for the Implementation of the 2025 Restricted Share Incentive Plan," and the "Proposal to Authorize the Board of Directors to Handle Matters Related to the 2025 Restricted Share Incentive Plan."
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From September 23, 2025, to October 2, 2025, the Company publicly disclosed th