LUXI CHEMICAL announced at noon on July 4th that the company held the tenth meeting of the ninth board of directors and the fourth meeting of the ninth supervisory board on July 3rd, reviewing and approving the proposal on "the failure to achieve the conditions for the third release period of the 2021 restricted stock incentive plan and the repurchase and cancellation of part of the restricted stock." Due to changes in the personal circumstances of some incentive targets and the failure to meet performance assessment goals, the company decided to repurchase and cancel a total of 5.85344 million shares of restricted stock that have been granted but not yet released from restrictions for the aforementioned incentive targets. The total amount of funds intended for the repurchase of restricted stock is approximately 37.782 million yuan