TSINGTAO BREW (00168) announced that under the company's incentive plan, one participant resigned for personal reasons during the third restricted share release period, triggering the repurchase and cancellation conditions stipulated in Chapter 13 of the plan. The company intends to repurchase and cancel the restricted A shares granted to this participant, which remain unvested due to their voluntary resignation during the employment contract period.

The repurchase involves one participant and a total of 1,667 restricted A shares. Upon completion, no unvested restricted A shares will remain. The cancellation is expected to be finalized on November 13, 2025.