REG - Zhejiang Yongtai - Repurchase & Cancellation Of Restricted Shares

About this update from Zhejiang Yongtai Technology Co., Ltd. Class A

RNS Number : 5403F Zhejiang Yongtai Technology Co Ltd 30 October 2025 ZHEJIANG YONGTAI TECHNOLOGY CO., LTD.(GDR under the symbol: "YTT")(a joint stock company established under the laws of the People's Republic of China with limited liability)Announcement On The Completion Of Repurchase And Cancellation Of Certain Restricted SharesZhejiang Yongtai Technology Co., Ltd. (hereinafter referred to as the "Company") has recently completed the repurchase and cancellation of certain restricted shares under the 2024 Restricted Shares Incentive Scheme. The relevant details are hereby announced as follows:I. DETAILS OF THE REPURCHASE AND CANCELLATION OF THE RESTRICTED SHARESPursuant to the relevant provisions of the 2024 Restricted Shares Incentive Scheme of Zhejiang Yongtai Technology Co., Ltd. (hereinafter referred to as the "2024 Incentive Scheme"), The Company repurchased and cancelled 153,159 restricted shares which have been granted but not yet unlocked due to the Company-level performance targets not being fully met, as well as 120,000 restricted shares which have been granted but not yet unlocked for four participants who no longer qualified for unlocking, totaling 273,159 restricted shares which have been granted but not yet unlocked, and representing 2.35% of the total restricted shares granted under the Incentive Scheme and 0.03% of the Company's total share capital prior to the repurchase. The repurchase price was RMB4.30 per share, consistent with the grant price. The total funds used for the repurchase of restricted shares amounted to RMB1,174,583.70, fully paid from the Company's own funds.II. CAPITAL VERIFICATION BY THE ACCOUNTING FIRM AND COMPLETION OF THE REPURCHASE AND CANCELLATIONBDO China Shu Lun Pan Certified Public Accountants LLP issued the Capital Verification Report (XIN KUAI SHI BAO ZI [2025] No. ZF11245) on 23 October 2025. Upon verification, as of 15 October 2025, the Company has actually paid an equity repurchase amount of RMB1,174,583.70, of which: share capital was reduced by RMB273,159.00; capital reserve was reduced by RMB901,424.70. Following the capital reduction, the Company's share capital was RMB925,127,636.00, with capital reserves amounting to RMB1,365,418,532.09.As of the date of this announcement, the Company has completed the repurchase and cancellation procedures for the aforementioned restricted shares with Shenzhen Bran...

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