ZJHW: Plans to cancel 1.0918 million shares

ZJHW announced that the 11th meeting of the 3rd Board of Directors and the 10th meeting of the 3rd Supervisory Board reviewed and approved the proposal to change the purpose of repurchased shares and to cancel them. The company will change the purpose of repurchasing 1,091,800 shares in the special securities account from "to be used in the future for employee stock ownership plans or equity incentives at an appropriate time based on the company's actual situation. If the repurchased shares are not used for the aforementioned purposes within three years after the repurchase is completed, the company will cancel the repurchased but unused shares in accordance with relevant regulations" to "for cancellation and reduction of registered capital." After this cancellation is completed, the company's total share capital will change from 101 million shares to 100 million shares, and the company's registered capital will change from RMB 101 million to RMB 100 million. This proposal still needs to be submitted to the company's first extraordinary general meeting of shareholders in 2025 for review