Baosight to repurchase and cancel restricted shares

Shanghai Baosight Software (SSE:600845) announced it will repurchase and cancel 13,025,056 restricted shares, according to its third restricted stock incentive plan. The decision follows the company's failure to meet certain performance targets for 2024, specifically the compound annual growth rate of net profit and net profit cash content. The repurchase price is set at CNY 14.1875 per share, costing the company CNY 181,789,332.19. The board approved the repurchase on June 23, 2025, and the cancellation will reduce the company's registered capital accordingly. Baosight stated that the repurchase will not materially impact its financial condition or operations.