FilingReader Intelligence

IKD repurchases restricted shares, convertible bond price unchanged

October 22, 2025 at 10:30 AM UTCBy FilingReader AI

IKD is set to repurchase and cancel 109,000 restricted shares from 30 former employees under its 2024 restricted stock incentive plan at a price of CNY 6.85 per share. This action follows the employees' departure, which invalidated their incentive eligibility, and was approved by the board and supervisory board on August 27, 2025. The company confirmed no creditor objections were received after the mandatory 45-day notification period.

The cancellation, scheduled for October 27, 2025, will reduce IKD's total share capital from 1,030,241,514 shares to 1,030,132,514 shares. Despite the reduction, the company announced that the "Aidi Convertible Bond" conversion price will remain unchanged at CNY 17.55 per share.

The company clarified that the limited number of restricted shares being repurchased, when calculated against the total share capital and rounded to two decimal places, does not necessitate an adjustment to the convertible bond's conversion price. This decision aligns with the conversion price adjustment formulas outlined in the "Aidi Convertible Bond" prospectus.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:600933Shanghai Stock Exchange

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