Shanghai Smith Adhesive New Material Co., Ltd. announced that due to two incentive targets no longer meeting the qualifications in the 2024 incentive plan, the company has decided to repurchase and cancel 32,000 restricted shares that have been granted but not yet released from restrictions. The proposal was approved at a related meeting in July 2025, and no objections from creditors were received during the public notice period. The repurchase and cancellation are expected to be completed by September 16, and after completion, the remaining restricted shares granted in the 2024 incentive plan will be 3,611,600 shares. After the repurchase and cancellation, the company's total share capital will decrease from 289,634,661 shares to 289,602,661 shares. Lawyers believe that the relevant matters have received the necessary approvals and authorizations, and subsequent procedures such as cancellation registration need to be handled