Hunan Tianyan announced that since the 2024 and 2025 performance did not meet the assessment targets and did not meet the conditions for lifting the sales restrictions for the second and three restricted stocks, it is proposed to repurchase and cancel 3.671,600 shares of the corresponding shares; another 8 incentive recipients will need to repurchase and cancel 5561,000 restricted shares that have been granted but have not yet been lifted due to leaving or leaving the backbone hierarchy. A total of 4.227,700 restricted shares were repurchased and cancelled, involving 72 people. The cancellation is expected to be completed on November 17, 2026. After the cancellation is completed, the company has no remaining equity incentives for restricted shares.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.