Luyi Chemical plans to repurchase and cancel 5.85344 million restricted shares.

Ruxi Chemical announced in the afternoon of July 4 that the company held the tenth meeting of the ninth board of directors and the fourth meeting of the ninth supervisors on July 3, and approved the proposal of "Regarding the third unlocking period of the restricted stock incentive plan for 2021, the unlocking conditions have not been met and the repurchase and cancellation of some restricted stocks". Due to changes in the personal circumstances of some incentive targets and the failure to achieve performance appraisal targets, the company has decided to repurchase and cancel a total of 5.85344 million shares of restricted stocks that have been granted to the above-mentioned incentive targets but have not yet been unlocked. The total amount of funds intended for repurchasing restricted stocks this time is approximately 37.782 million yuan.