Changyu Wine Repurchases Shares Due to Missed Performance Targets

The company's 2024 operating revenue and net profit declined, falling short of the required growth rates for the second unlocking period of its 2023 Restricted Stock Incentive Plan.

As a result, 179 incentive recipients will have 1,864,305 shares repurchased. Additionally, 17 individuals who departed or changed positions will have 289,467 shares repurchased, totaling 2,153,772 shares. The repurchase price is set at CNY 14.65 per share, amounting to a total of CNY 31,552,800, funded by company capital.