Suyan Jingshen to cancel restricted shares

Jiangsu Suyan Jingshen (SSE:603299) announced the implementation of a repurchase and cancellation of restricted stock related to its 2021 equity incentive plan. The cancellation involves 40,000 shares previously granted to a departing employee who no longer meets the incentive plan's requirements. The cancellation, expected to occur on February 20, 2025, will reduce the company's total share capital. Post-cancellation, the number of restricted shares will stand at 7,873,358 and total number of shares at 781,928,869. The company has fulfilled necessary procedures and obtained approvals for the repurchase and cancellation.