Hubei Energy completes restricted stock repurchase and cancellation

Hubei Energy Group (SZSE:000883) announced the completion of the repurchase and cancellation of restricted shares on June 10, 2025. The cancellation involves 729,068 shares, representing 0.0112% of the company's total share capital before the repurchase. The decision to repurchase and cancel these shares stems from several former incentive recipients' changed circumstances, including election as employee supervisors, job transfers, or retirement, rendering them ineligible under the company's 2021 restricted stock incentive plan.