Jinjiang Hotels Buys Back and Cancels 2.22 Million Restricted Shares

On August 10, Jinjiang Hotels announced the buyback and cancellation of a total of 2,219,982 restricted shares, involving 242 incentive recipients, expected to complete on August 13. Of these, 2,129,253 shares were repurchased due to unmet performance targets, and 90,729 shares due to changes in incentive recipients. After cancellation, total share capital will decrease from 1.0663 billion to 1.0641 billion shares.