Jonjee Hi-Tech repurchases restricted shares from incentive plan

Jonjee Hi-Tech Industrial And Commercial Holding Co., Ltd. announced the repurchase and cancellation of 481,978 restricted shares under its 2024 equity incentive plan. The decision, approved by the eleventh board of directors and the compensation and assessment committee on August 27, 2025, stems from seven incentive recipients no longer meeting the eligibility criteria. These include two individuals who voluntarily resigned, two who had their employment contracts terminated by mutual agreement, and three who retired.

The company has initiated the necessary procedures with China Securities Depository and Clearing Corporation Limited Shanghai Branch. The cancellation of these restricted shares is projected to be completed by November 10, 2025. This action will adjust the company's total share capital from 778,991,206 shares to 778,509,228 shares, with restricted shares decreasing from 8,003,256 to 7,521,278 shares.

A legal opinion from Han Kun Law Offices (Shenzhen) confirms that the repurchase and cancellation are compliant with relevant laws and regulations.