Yonggui Electric announced that due to the 2022 Restricted Stock Incentive Plan reservation granting Class I restricted shares that did not meet the performance assessment criteria for the third time period, the company plans to repurchase and cancel 44,100 Class I restricted shares that have been granted to 34 incentive recipients but have not yet lifted the sales restrictions at an adjusted price of 6.749 yuan/share. After the repurchase and cancellation is completed, the total share capital of the company will be changed from 389 million shares to 389 million shares, and the registered capital will be reduced accordingly. The company has notified creditors that creditors can request the company to settle their debts or provide corresponding guarantees within 45 days from the date of the announcement.

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