Xin Fengming to cancel 110k restricted shares

Xin Fengming Group (SSE:603225) announced it will cancel 110,000 restricted shares due to the departure of several incentive recipients who no longer qualify under the company's 2024 equity incentive plan. The decision was approved at the company’s 6th Board Meeting, 31st Session. The shares, representing the total restricted shares held by the former employees, will be repurchased at a price of CNY 6.94 per share and are scheduled for cancellation on June 17, 2025. Post-cancellation, the remaining restricted shares under the incentive plan will total 12,883,000. The company has completed creditor notification without objections. Following the cancellation, Xin Fengming's total share capital will decrease to 1,524,654,505 shares.