According to the announcement of Shenma Co., Ltd., in 2024, the company repurchased a total of 127.801 million shares, accounting for 1.224% of the total share capital, and a total amount of 995.399 million yuan. Of these, 9.826 million shares have been used to grant 215 incentive recipients under the 2024 Restricted Stock Incentive Plan, and the remaining 2,954,100 shares have not been used. The company has completed the cancellation of this portion of its remaining treasury shares. After cancellation, the total share capital was reduced from 1,091 billion shares to 1,078 billion shares, and the shareholding ratio of the controlling shareholder China Pingmei Shenma Holding Group and its co-actors increased from 59.94% to 60.11%. The cancellation will not have a significant impact on the company's finances and operations, and will not affect the company's listing status.

According to the announcement of Shenma Co., Ltd., in 2024, the company repurchased a total of 127.801 million shares, accounting for 1.224% of the total share capital, and a total amount of 995.399 million yuan. Of these, 9.826 million shares have been used to grant 215 incentive recipients under the 2024 Restricted Stock Incentive Plan, and the remaining 2,954,100 shares have not been used. The company has completed the cancellation of this portion of its remaining treasury shares. After cancellation, the total share capital was reduced from 1,091 billion shares to 1,078 billion shares, and the shareholding ratio of the controlling shareholder China Pingmei Shenma Holding Group and its co-actors increased from 59.94% to 60.11%. The cancellation will not have a significant impact on the company's finances and operations, and will not affect the company's listing status.