According to Xinfengming's announcement, Shen Kaida, who was originally granted restricted shares for the first time, left his job due to personal reasons, and the company will repurchase and cancel 14,000 restricted shares that have already been granted but the sales restrictions have not been lifted. The repurchase price is 6.52 yuan/share. After implementing the buyback and cancellation, the company's registered capital will be reduced from 167,749.78 million yuan to 167,747.97 million yuan, and the total share capital will be reduced from 167,749.78 million shares to 167,747.97 million shares. The company informs creditors that they can request debt settlement or guarantee within 45 days from the date of disclosure of the announcement. The filing period is from July 25 to September 7, 2026.

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