Shanshan Co., Ltd. announced that the company will repurchase and cancel 3,773,605 restricted shares corresponding to 338 incentive recipients due to failure to meet the performance assessment indicators for the fourth period of lifting sales restrictions and the retirement or retirement of the incentive recipients. The company has applied to China Settlement Shanghai Branch to complete the relevant formalities and is expected to complete the cancellation on July 30, 2026. After the repurchase and cancellation is completed, the number of shares subject to equity incentives will be zero, and the total share capital of the company will be reduced from 2,249,412,863 shares to 2,245,639,258 shares.

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