Luzhou Lao Jiao completes repurchase and cancellation of restricted shares

Luzhou Lao Jiao Company Limited announced the completion of its restricted share repurchase and cancellation, involving 9,540 shares from three incentive recipients. These shares, representing 0.001% of the company's total shares before the repurchase, were bought back at a price of CNY 73.891 per share, totaling CNY 704,920.14 from the company's own funds. The adjustment in repurchase price accounts for previous profit distribution plans from 2021 to 2024.

As a result of this action, the company's total share capital has decreased from 1,471,951,503 shares to 1,471,941,963 shares. The repurchase was initiated because the three incentive recipients no longer met the incentive conditions due to job changes or resignations.

The company confirmed that the share repurchase and cancellation comply with legal and regulatory requirements. It will not materially impact the company's financial status, operating results, or the management team's dedication. The company's equity distribution continues to meet listing requirements.