BYIS will repurchase and cancel 5.7936 million restricted stocks

Xinjiang BYIS Co., Ltd. announced the implementation of the repurchase and cancellation of part of the restricted stock under the equity incentive plan. Due to the failure to meet the performance assessment targets for the third release of the restricted stock incentive plan in 2021, as well as the disqualification of some incentive recipients due to job transfers, retirement, or resignation, the company, approved by the shareholders' meeting, will repurchase and cancel the relevant restricted stocks. This repurchase and cancellation involves 206 individuals, totaling 5,793,600 shares, with the repurchase price being either 3.13 yuan/share or 3.28 yuan/share plus interest on bank time deposits for the same period. The cancellation is expected to be completed on September 23, and after the cancellation, the company's total share capital will change from 1,538,691,470 shares to 1,532,897,870 shares