Shanghai Foreign Service to repurchase and cancel restricted shares

Shanghai Foreign Service (Group) Co., Ltd. is set to repurchase and cancel 39,110 A-share restricted shares. This action follows the company's A-share restricted stock incentive plan, targeting two incentive recipients.

One recipient's 2023 annual personal performance score was between 70 and 80, leading to the repurchase of 5,610 shares from their second unlocking period. Additionally, 33,500 shares from another recipient are being repurchased due to the termination of their employment contract with the company.

The repurchase price for all affected shares is set at CNY 2.84 per share, with the funds sourced entirely from the company's own funds. The company's board of directors and supervisory board approved the repurchase and cancellation on August 20, 2025. This process is expected to be finalized by October 23, 2025.

Following the cancellation, the company's total share capital will decrease by 39,110 shares, adjusting the total number of shares to 2,283,457,375. The number of restricted shares in circulation will be 13,376,724, while unrestricted shares remain unchanged at 2,270,080,651.