Fujian Qingshan Paper Industry Co., Ltd. Class ASSE: 600103

(600103)"Fujian Qingshan Paper Industry Co., Ltd."Announcement on Implementation of Repurchase and Cancellation of Restricted Shares under the Equity Incentive Plan

· Issued by Fujian Qingshan Paper Industry Co., Ltd. Class A via Shanghai Stock Exchange

Filed with SSE · Stock code 600103 · · 5 pages · Chinese

Summary by 6ix

Fujian Qingshan Paper Industry Co., Ltd. announced the implementation of a repurchase and cancellation of restricted shares under its equity incentive plan, as detailed in their filing. The decision to repurchase was made due to the company's failure to meet performance targets and changes in the internal and external environment since the plan's inception. The company has confirmed that all necessary legal procedures and disclosures have been followed regarding this repurchase action.

6ix wrote this summary in English from the company’s filing.

Written in English by 6ix from the Chinese-language filing.

● 回购注销原因：鉴于 2025 年度公司层面业绩未达到 2024 年限制性股票激励计划（以下简称本次激励计划）的业绩考核要求，同时鉴于目前公司内外部环境与制定本次激励计划时相比发生较大变化，综合考虑近期市场环境因素和公司未来发展规划，若继续实施本次激励计划，将难以达到预期的激励目的和效果，不利于调动公司核心团队的积极性。为充分落实对员工的有效激励，从公司长远发展和员工切身利益出发，经审慎研究，公司决定终止实施本次激励计划，并回购注销本次激励计划已授予但尚未解除限售的全部限制性股票，与本次激励计划配套的《2024 年限制性股票激励计划实施考核管理办法》等文件一并终止。本次累计回购注销限制性股票 28,497,700 股，回购注销完成后，公司限制性股票数量为 0。 ● 本次注销股份的有关情况 一、本次限制性股票回购注销的决策与信息披露 （一）2026 年 7 月 20 日，公司召开十一届二次

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