CZTL: Plans to repurchase and cancel 29,158 shares

CZTL announced that, due to the company's performance assessment not being fully achieved for the third unlocking period of the first phase employee stock ownership plan, it has decided to repurchase and cancel 29,158 shares of the underlying stock corresponding to the granted but not yet unlocked equity shares, with a repurchase price of 3.57 yuan per share. This repurchase and cancellation is expected to be completed by October 28, 2025. After completion, the company's capital structure will change to 491 million unrestricted tradable shares, accounting for 100.00% of the total share capital. This repurchase and cancellation will not result in changes to the company's controlling shareholder and actual controller, nor will it have a substantial significant impact on the company's operating performance and financial condition