Accelink Technologies completes restricted stock repurchase and cancellation

Wuhan Accelink Technology Corporation (Accelink Technologies) has announced the completion of the repurchase and cancellation of 176,000 restricted shares, representing 0.0218% of its total share capital before the repurchase. The shares originated from the 2022 and 2025 restricted stock incentive plans, with repurchases made at RMB 10.99 per share for 140,000 shares and RMB 28.27 per share for 36,000 shares, respectively. This action, driven by the departure of 10 incentive plan participants, results in a total payment of RMB 2,556,320.00 from the company’s own funds.

Following the cancellation, Accelink Technologies' total share capital has decreased from 806,851,752 shares to 806,675,752 shares. The company has finalized the necessary registration procedures with the China Securities Depository and Clearing Corporation Limited (CSDC) Shenzhen Branch. This repurchase and cancellation will not have a substantial impact on the company's financial condition or operating results.

The 2022 restricted stock incentive plan's restricted shares will adjust from 13,141,300 shares to 13,001,300 shares, while the 2025 plan's restricted shares will decrease from 13,259,100 shares to 13,223,100 shares. The company will proceed with relevant industrial and commercial change registration procedures.