Xuelong Group has issued an announcement stating that the company's fifth board of directors held its seventh meeting on August 10, 2026, at which it reviewed and approved the "Proposal on Adjusting the Repurchase Price of Restricted Shares Under the 2022 Restricted Stock Incentive Plan and Cancelling Restricted Shares Through Repurchase."

Due to the company-level performance assessment for the 2025 fiscal year failing to meet the required standard, the conditions for lifting the restrictions on the third unlock period were not satisfied. As a result, the company repurchased and cancelled 488,721 shares initially granted to 34 incentive recipients and 42,711 shares granted to 3 reserved incentive recipients, totaling 531,432 shares. The cancellation date is October 9, 2026.