Lomon Billions completes repurchase and cancellation of restricted shares

Lomon Billions Group has completed the repurchase and cancellation of 2,045,200 restricted shares from 198 incentive recipients due to unmet vesting conditions. The total repurchase amount was CNY 29,290,433. The repurchased shares include 1,614,450 shares from the initial grant, priced at CNY 15.64 per share, and 430,750 shares from the reserved grant, priced at CNY 9.38 per share. This action represents 0.0857% of the company's total share capital before the cancellation.

Following these procedures with China Securities Depository and Clearing Corporation Limited, Lomon Billions' total share capital has been reduced from 2,386,293,256 shares to 2,384,248,056 shares. The company stated that this action will not materially impact its financial condition, operating results, or the stability of its management team.

The company's board believes this move aligns with the restricted stock incentive plan, ensuring that only eligible employees hold these shares. The company's equity distribution continues to meet listing requirements, with the management team committed to fulfilling its duties and enhancing shareholder value.