Xuji Electric completes partial restricted stock repurchase and cancellation in 2022.

Xuji Electric announced that on August 11, 2025, the board of directors and the supervisory board agreed to repurchase and cancel 127,060 shares of unreleased 2022 restricted stock incentive plan shares, accounting for 0.0125% of the total share capital before repurchase. This involved 14 individuals, with a repurchase amount of 1,447,066.16 yuan. Due to job transfers for 2 individuals, 3 individuals leaving the company, and 9 individuals partially meeting or not meeting their performance targets, the company repurchased their unreleased shares. The capital verification was completed on September 23, and the repurchase and cancellation procedures have been completed as of the announcement disclosure date. After the repurchase, the total share capital of the company decreased to 1,018,622,249 shares, without affecting the controlling shareholder, actual controller, and equity listing conditions, and no significant impact on finances and operations.