On the evening of November 16, LB Group Co., Ltd. announced the completion of repurchasing and canceling restricted shares under its 2021 restricted stock incentive plan.

The company repurchased and canceled 1,614,450 restricted shares held by 128 ineligible grantees from the initial grant, which did not meet the conditions for lifting restrictions, at a repurchase price of RMB 15.64 per share. Additionally, 430,750 restricted shares held by 75 grantees from the reserved grant, which also failed to meet the conditions for lifting restrictions, were repurchased and canceled at RMB 9.38 per share.

In total, the buyback involved 198 individuals and 2,045,200 restricted shares, with a total repurchase amount of RMB 29,290,433. The canceled shares accounted for 0.0857% of the total share capital before cancellation.

Following the completion of the buyback and cancellation, the company's total share capital will decrease from 2,386,293,256 shares to 2,384,248,056 shares. As of the announcement date, the cancellation procedures for the aforementioned restricted shares have been completed with China Securities Depository and Clearing Corporation Limited, Shenzhen Branch.