Talkweb completes restricted share buyback, reducing total capital

Talkweb Information System Co., Ltd. announced the completion of the repurchase and cancellation of 82,000 restricted shares. This action, involving four incentivized employees, represents 0.0065% of the company's pre-repurchase total share capital of 1,259,913,474 shares. Following these procedures, the company's total share capital has been reduced to 1,259,831,474 shares.

The repurchased shares include 68,000 shares from three employees no longer eligible for incentive due to resignation, and 14,000 shares from one employee whose 2024 individual performance did not meet the full unlock conditions. The repurchase price was set at the initial grant price of 2.94 yuan per share, plus bank deposit interest for the same period.

The total cost for this repurchase and cancellation amounted to 261,493.63 yuan, funded entirely by Talkweb's own capital. The company confirmed that this action will not significantly impact its financial condition, operating results, or the ongoing implementation of its equity incentive plan, nor will it alter the company's controlling shareholder or actual controller. The company's equity distribution remains eligible for listing.