Shanghai Shengmei: 272,300 shares of equity incentive stock will be listed on November 14th.

Shengmei Shanghai announced that part of the first batch of restricted stock granted under the company's 2023 restricted stock incentive plan will be listed and traded on November 14, totaling 272,275 shares. This grant involves 174 individuals, and the stocks are sourced from the company's targeted distribution of A-share common stock to incentive recipients. After the grant, the total number of company shares will increase from 479,892,514 shares to 480,164,789 shares, without affecting the company's control. This grant will not have a significant impact on the company's recent financial condition and operational performance, but will dilute the basic earnings per share accordingly.