Ningde Times announced that the 19th meeting of the fourth board of directors of the company deliberated and passed a bill to grant restricted shares that have been abolished and not yet owned. Among them, the 2022 incentive plan abolished a total of 57,234 shares due to 11 incentive recipients leaving their jobs and 1 incentive target not meeting the 2025 personal performance assessment standards; the 2023 incentive plan scrapped a total of 2058,700 shares due to the departure of 6 incentive recipients and the cumulative revenue of 2023-2025 of 1186.631 billion yuan falling short of the company's performance assessment target of 129 billion yuan during the third vesting period. There is no need to submit this annulment to the shareholders' meeting for consideration, and it will not have a substantial impact on the company's financial status and operating results.

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