Morning Light New Materials: Due to the departure of the incentivized individual, the company plans to repurchase and cancel 0.6 million restricted shares.

date
22/12/2025
Morning Light New Materials announced that due to the personal reasons of one original incentive target, he resigned, which does not meet the requirements of the restricted stock incentive plan for 2024. The company plans to repurchase and cancel 60,000 shares of restricted stock that have been granted but have not yet had their restrictions removed, at a repurchase price of 6.03 yuan per share. The company applied to China Securities Depository and Clearing Corporation Limited on December 17 for the repurchase and cancellation procedures, and it is expected to be completed by December 25. After the cancellation, the total share capital of the company will decrease from 312,241,328 shares to 312,235,328 shares, with 678,000 shares of remaining restricted stock incentives.