300575SZSE

Announcement on the Completion of Repurchase and Cancellation of Certain Restricted Stocks

Zhongqi Co., Ltd.··6 pages

✨ AI Summary

Jiangsu Zhongqi Technology Co., Ltd. has completed the repurchase and cancellation of 406,950 restricted stocks at a price of 3.03 yuan per share. This action was taken due to the voluntary resignation of 11 incentive targets who no longer meet the incentive conditions. Following this repurchase, the company's total share capital will decrease from 478,992,400 shares to 478,585,450 shares.

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Full Translation

AI Translation· azure_openai

Stock Code: 300575

Stock Abbreviation: Zhongqi Co., Ltd.

Announcement Number: 2026-028

Jiangsu Zhongqi Technology Co., Ltd. announces the completion of the repurchase and cancellation of certain restricted stocks. The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Reminder:

  1. The number of restricted stocks repurchased this time is 406,950 shares;
  2. The repurchase price for the restricted stocks is 3.03 yuan/share;
  3. The reason for the repurchase of restricted stocks: 11 incentive targets of the company's 2025 restricted stock incentive plan have voluntarily resigned for personal reasons and no longer meet the incentive conditions. The company will repurchase and cancel the restricted stocks that have been granted but not yet released from the selling restriction at the adjusted repurchase price.
  4. The company completed the repurchase and cancellation procedures at the Shenzhen branch of China Securities Depository and Clearing Co., Ltd. on June 4, 2026. After this repurchase and cancellation, the company's total share capital will change from 478,992,400 shares to 478,585,450 shares.

I. Overview of the Repurchase and Cancellation

On May 19, 2026, Jiangsu Zhongqi Technology Co., Ltd. held the 2025 annual shareholders' meeting, which approved the proposal on the repurchase and cancellation of certain restricted stocks. Eleven incentive targets of the company's 2025 restricted stock incentive plan have voluntarily resigned for personal reasons and no longer meet the incentive conditions. According to the relevant provisions of the "Management Measures for Equity Incentives of Listed Companies" and the company's "2025 Restricted Stock Incentive Plan (Draft)," the board of directors approved the repurchase and cancellation of 406,950 shares of restricted stocks granted to the resigned incentive targets at the adjusted repurchase price of 3.03 yuan/share. As of the date of this announcement, the company has completed the repurchase and cancellation procedures at China Securities Depository and Clearing Co., Ltd.

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