Luzhou Lao Jiao reduces capital, repurchases restricted shares

Luzhou Lao Jiao Co., Ltd. will reduce its registered capital by 9,540 yuan after repurchasing and canceling 9,540 restricted shares from employees no longer meeting incentive eligibility. The total repurchase amount is 704,920.14 yuan. This action adjusts the repurchase price to 73.891 yuan per share, reflecting prior dividend distributions. Creditors have 45 days from the announcement date to declare claims.

Concurrently, the company announced the second lifting of sales restrictions period for its 2021 restricted stock incentive plan, affecting 45 employees and 100,900 shares. These shares represent 0.0069% of the current total share capital. The conditions for lifting the restrictions, including company and individual performance targets, have been met for the 2022 assessment year.

This strategic move aligns with the 2021 Restricted Stock Incentive Plan and aims to optimize the company's capital structure without materially impacting its financial health, operations, or the integrity of the management team. Luzhou Lao Jiao will proceed with the required procedures for share cancellation and capital reduction.