Baosight Software Repurchases and Cancels Restricted Shares

Baosight Software announced the repurchase and cancellation of 13,025,056 restricted shares, effective August 22, 2025. This action stems from the company's 2024 performance targets not being met and employee departures. The repurchase price is RMB 14.1875 per share. Following this, 13,188,297 restricted shares remain. The repurchased shares include 12,813,345 due to unmet performance and 211,711 due to personnel changes, as confirmed by the Shanghai Huacheng Law Firm.