Mars Chef Co., Ltd. (hereinafter referred to as "the Company") held the sixth meeting of its fourth board of directors on April 21, 2026, where it reviewed and approved the proposals regarding changes to registered capital, expansion of business scope, and amendments to the Articles of Association, as well as the proposal for the repurchase and cancellation of certain restricted shares. The aforementioned proposals are subject to approval by the shareholders' meeting. The relevant information is announced as follows:
1. Changes to Registered Capital
Due to 45 incentive recipients losing their eligibility for the 2023 restricted stock incentive plan due to resignation, a total of 336,400 restricted shares that have been granted but not yet released from restrictions will be repurchased and canceled by the Company. Given that the performance targets for the third release period of the initial grant of the 2023 restricted stock incentive plan and the reserved grant for the second release period were not met, the Company will repurchase and cancel 832,800 restricted shares corresponding to the third release period for 108 active initial grant incentive recipients and 109,500 restricted shares corresponding to the second release period for 18 active reserved grant incentive recipients. In summary, the Company intends to repurchase and cancel a total of 1,278,700 restricted shares, thereby reducing the registered capital of the Company. After this repurchase and cancellation, the total share capital of the Company will decrease from 406,282,065 shares to 405,003,365 shares. Accordingly, the relevant clauses in the Articles of Association will need to be amended.