Beiwei Storage: Change in registered capital due to repurchase of shares for cancellation and change in ownership of incentives.

BW Storage announced that starting from August 2025, the company will repurchase shares to reduce its registered capital. As of December 24th, a total of 1.3991 million shares have been repurchased, with a payment of 150 million yuan. On that day, the repurchased shares were cancelled, reducing the share capital from 467 million shares to 465 million shares. On January 7, 2026, a portion of the shares from the 2023 and 2024 restricted stock incentive plans were registered to the beneficiaries, totaling 1.8225 million shares. These shares will be publicly traded starting from January 13th, increasing the share capital to 467 million shares. In light of this, the company plans to revise the provisions regarding registered capital and the total number of issued shares in the Company's Articles of Association, subject to the final approval of the industrial and commercial registration authority.