Aiko Solar to cancel restricted stocks, options; reduces capital

Shanghai Aiko Solar Energy Co., Ltd. approved the cancellation of certain restricted stocks and stock options after 22 employees departed from the 2023 incentive plan and 3 employees from the 2025 incentive plan. This decision also follows the expiration of the first exercise period for some options under the 2023 plan.

Under the 2023 plan, 18,330 restricted shares will be repurchased at CNY 13.21 per share, and 2,948,455 stock options will be cancelled. For the 2025 plan, 17,500 restricted shares will be repurchased at CNY 5.68 per share, and 107,500 stock options will be cancelled. The repurchases will be funded by the company's own capital.

In total, 35,830 restricted shares will be repurchased and cancelled, resulting in a reduction of the company's registered capital by CNY 35,830. Creditors are notified that they have 30 days from receiving notice, or 45 days from the announcement disclosure, to claim outstanding debts or request guarantees.