Proya Cosmetics completes restricted share repurchase and cancellation

Proya Cosmetics Co., Ltd. has completed the repurchase and cancellation of 29,344 restricted shares under its 2022 equity incentive plan, as announced on November 20, 2025. This action was approved on August 25, 2025, following the departure of three incentive recipients who no longer met eligibility conditions. The repurchased shares were transferred to the company's dedicated securities account and cancelled as of November 18, 2025.

Following the cancellation, Proya Cosmetics' total share capital decreased from 396,005,182 shares to 395,975,838 shares, with restricted shares now at zero. This adjustment did not trigger a change in the conversion price of "Proya Convertible Bonds," which remains at 95.46 yuan per share. The company noted the minimal impact on total share capital resulted in no convertible bond conversion price adjustment.