Shaangu Power announced that due to the departure of some incentive recipients, job rank changes, performance evaluations, etc. that did not meet the incentive conditions, the company decided to repurchase and cancel a total of 1,687,422 restricted shares of the 288 incentive recipients involved in the 2018 and 2021 restricted stock incentive plans that have been granted but have not yet been lifted. The cancellation is expected to be completed on September 10, 2026. After the repurchase and cancellation is completed, the company's remaining equity incentives will be 15,575,778 shares, and the total share capital will be reduced from 1,723,474,492 shares to 1,721,787,070 shares.

Shaangu Power announced that due to the departure of some incentive recipients, job rank changes, performance evaluations, etc. that did not meet the incentive conditions, the company decided to repurchase and cancel a total of 1,687,422 restricted shares of the 288 incentive recipients involved in the 2018 and 2021 restricted stock incentive plans that have been granted but have not yet been lifted. The cancellation is expected to be completed on September 10, 2026. After the repurchase and cancellation is completed, the company's remaining equity incentives will be 15,575,778 shares, and the total share capital will be reduced from 1,723,474,492 shares to 1,721,787,070 shares.