301589SZSE

Announcement on Adjusting the Grant Price of the 2025 Restricted Stock Incentive Plan

Xi'an Novastar Tech Co., Ltd.··4 pages

✨ AI Summary

Xi'an Nova Star Cloud Technology Co., Ltd. announced an adjustment to the grant price of its 2025 restricted stock incentive plan from 71.88 yuan/share to 70.47 yuan/share. This decision was made during the board meeting on June 4, 2026, following the completion of the company's semi-annual and annual profit distribution. The adjustment complies with relevant regulations and will not materially affect the company's financial status or operational results.

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Full Translation

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Securities Code and Abbreviation

Securities Code: 301589
Securities Abbreviation: Nova Star Cloud

Announcement

Xi'an Nova Star Cloud Technology Co., Ltd. (hereinafter referred to as "the Company") held the 15th meeting of the third board of directors on June 4, 2026, and approved the proposal on adjusting the grant price of the 2025 restricted stock incentive plan. According to the relevant provisions of the Company's "2025 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as "the Incentive Plan (Draft)" or "this Incentive Plan") and the authorization from the second extraordinary general meeting of shareholders in 2025, the board of directors adjusted the grant price for the initial and reserved portions of the 2025 restricted stock incentive plan. The relevant matters are announced as follows:

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