Dawning Information to repurchase, cancel restricted stock

Dawning Information Industry (SSE:603019) announced its plan to repurchase and cancel 88,000 restricted shares, representing 0.006% of its total share capital before the buyback. The decision, approved at the 2024 Annual General Meeting on March 31, 2025, stems from some incentive recipients not meeting the 100% vesting target under the 2021 Restricted Stock Incentive Plan. The repurchase will result in a reduction of share capital, decreasing the total share capital from 1,463,203,784 shares to 1,463,115,784 shares. Creditors are notified they have 30 to 45 days to claim repayment or guarantees. Dawning will continue its incentive plan.