Royal Group completes share repurchase and cancellation program

Royal Group (SZSE:002329) announced the completion of its repurchase and cancellation of 16,004,720 restricted shares linked to the 2022 restricted stock incentive plan. The move was triggered by the failure to meet the first vesting period's performance targets and the departure of some incentive recipients. The total share capital has been reduced from 848,408,705 shares to 832,403,985 shares. The repurchase price remained at CNY 3.98 per share, with the total payout for the repurchase reaching CNY 6,369.87856 million. The company has completed relevant procedures for capital reduction and regulatory filings.