Yueyang Xingchang completes restricted share repurchase and cancellation

Yueyang Xingchang Petrochemical Company Limited announced the completion of the repurchase and cancellation of 193,000 restricted shares. This included 63,000 shares from an initial grant and 130,000 shares from a reserved grant, held by employees who resigned and thus ceased to be eligible for the incentive plan.

The repurchase prices were RMB 6.35 per share for the initial grant and RMB 9.70 per share for the reserved grant, totaling RMB 1,661,050.00, funded by the company's own capital. The process was completed on September 3, 2025, with registration at the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch.

Following this action, the company's total share capital decreased from 369,697,506 shares to 369,504,506 shares. The company confirmed that the share capital reduction of RMB 193,000.00 has been accounted for as of August 18, 2025.

This transaction aligns with the company's 2022 Restricted Stock Incentive Plan and is not expected to materially impact Yueyang Xingchang's ongoing operations, financial position, or core competitiveness. The company will proceed with the necessary industrial and commercial registration changes.