State Grid Information & Communication: Plans to repurchase and cancel 1,187.48 million yuan worth of 1.3694 million restricted shares.

State Grid Communications announced that, due to the fact that the non-recurring net asset yield and non-recurring net profit compound growth rate for 2024 did not meet the target values, and the third condition for removing the restriction period was not met, the company plans to repurchase and cancel some of the restricted stocks incentive plan for 2021 that have been granted but not yet unlocked. The repurchase and cancellation quantity is 1.3694 million shares, accounting for 0.11% of the total share capital, at a repurchase price of 8.67172 yuan per share, with a total repurchase amount of 11.8748 million yuan, funded by internal funds. The company has submitted an application and is expected to complete the repurchase and cancellation on November 5th, and will subsequently handle the industrial and commercial change registration.