Shenzhen SC New Energy completes restricted stock repurchase

Shenzhen SC New Energy Technology Corp announced the completion of the repurchase and cancellation of restricted shares that had been granted but not yet released for sale from 3 incentive recipients. The total number of shares repurchased was 1,550, representing 0.0004% of the company's total share capital prior to the repurchase. The repurchase involved 1,500 shares from employees who had resigned or retired, and 50 shares from an employee with a "good" performance rating from that period. The repurchase price was CNY 58.42 per share, plus bank deposit interest for the applicable period. The company used its own funds for the repurchase, with a total expenditure of CNY 93,461.76. Following the cancellation, the company's total share capital has been reduced from 347,715,136 shares to 347,713,586 shares, and its registered capital has decreased from CNY 347,715,136 to CNY 347,713,586. The company confirms the repurchase and cancellation have no material impact to the company's financial status or listing.