XJ Electric completes share repurchase and cancellation

XJ Electric (SZSE:000400) announced today the completion of the repurchase and cancellation of restricted shares under its 2022 restricted stock incentive plan. A total of 125,000 shares, representing 0.0123% of the company's total share capital prior to the cancellation, were repurchased from six employees due to job changes or resignations. The total repurchase amounted to CNY 1,454,519.52, including interest. With the completion of the repurchase and cancellation, XJ Electric's total share capital will decrease to 1,018,749,309 shares. The share repurchase and cancellation process has been verified by ZhongHui Certified Public Accountants (Special General Partnership).