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According to the announcement by Wuzhou Special Paper, the company decided to repurchase and cancel 1.152,900 restricted shares of the 107 incentive recipients that have been granted but have not yet lifted the sales restrictions due to the departure of 6 incentive recipients and no incentive eligibility, and the cancellation is expected to be completed on October 15, 2026, because 101 incentive recipients did not meet Peugeot's third requirement to lift the sales restrictions. After the repurchase and cancellation is completed, the company's remaining share incentive restricted shares will be 0 shares. The total share capital will be reduced from 476 million shares to 475 million shares, and the shareholding ratio of controlling shareholders and actual controllers acting in concert will increase from 80.93% to 81.13%.
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According to the announcement by Wuzhou Special Paper, the company decided to repurchase and cancel 1.152,900 restricted shares of the 107 incentive recipients that have been granted but have not yet lifted the sales restrictions due to the departure of 6 incentive recipients and no incentive eligibility, and the cancellation is expected to be completed on October 15, 2026, because 101 incentive recipients did not meet Peugeot's third requirement to lift the sales restrictions. After the repurchase and cancellation is completed, the company's remaining share incentive restricted shares will be 0 shares. The total share capital will be reduced from 476 million shares to 475 million shares, and the shareholding ratio of controlling shareholders and actual controllers acting in concert will increase from 80.93% to 81.13%.
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