JINYU: Plans to repurchase and cancel 120,000 shares of stock

JINYU announced that the company will hold the fourth meeting of the twelfth board of directors on October 27, 2025, to review and approve the proposal on the repurchase and cancellation of part of the stocks under the 2023 employee stock ownership plan. Due to 5 departing holders who have not yet unlocked their equity shares, the company will repurchase and cancel 120,000 shares at a repurchase price of 6.23 yuan per share. After the completion of this repurchase and cancellation, the company's capital structure will change, but it will not have a substantial impact on the company's operating performance and financial condition