HTSC (06886) announced that according to relevant provisions of the Incentive Plan, some incentive recipients have failed to fully meet personal performance conditions or have terminated their employment relationships with the company. The company will repurchase some or all of the restricted A-shares that have been granted but have not yet been unlocked from trading restrictions.

Given that 143 incentive recipients have failed to fully meet personal performance conditions or have terminated their employment relationships with the company, the company needs to repurchase some or all of the restricted A-shares granted to these 143 individuals and cancel them in accordance with the Company Law.

This repurchase and cancellation of restricted A-shares involves a total of 143 incentive recipients, with a combined total of 438,500 restricted A-shares planned for repurchase and cancellation. After the completion of this repurchase and cancellation, the remaining restricted A-shares under this incentive plan will be 1.06 million shares.

The company has opened a special securities account for repurchase at the Shanghai Branch of China Securities Depository and Clearing Corporation Limited (account number: B883198364) and has applied for the repurchase and cancellation procedures. The aforementioned 438,500 restricted A-shares that have not yet been unlocked from trading restrictions are expected to be cancelled on September 11, 2025.