Laobaixing Unveils Share Buyback and Equity Incentive Plans Targeting RMB946 Million 2027 Net Profit

Laobaixing announced on the evening of August 10 a share buyback, a draft 2026 restricted stock incentive plan and a draft employee stock ownership plan, proposing to grant a total of 14.337 million shares to more than 340 incentive recipients. Based on the company's share price at the time of the draft announcement, the total market value of the shares granted under the incentive scheme exceeds RMB180 million. The company plans to use its own funds or self-raised funds to implement the share buyback through centralized bidding, with total buyback funds ranging from RMB40 million to RMB80 million and a buyback price cap of RMB18.08 per share.

The dual incentive plans set both company performance and individual performance appraisal as vesting conditions. The company performance target is based on 2025 net profit, requiring net profit growth of no less than 75% in 2027 and 100% in 2028, corresponding to a 2027 net profit target of RMB946 million and a 2028 net profit target of RMB1.081 billion. Both incentive schemes provide for two-phase unlocking, with a maximum unlocking period of 31 months, plus an additional six-month lock-up period after unlocking. The incentive recipients cover the company's mid-to-senior management and core teams, with particular emphasis on core talent in the information and digital AI business areas.

Since 2025, the company has launched a customer-centric full value chain reform focused on operational quality improvement, and achieved growth in both revenue and net profit in the first quarter of 2026. The company operates a nationwide store network of approximately 15,000 outlets, and continues to strengthen professional store services and digital intelligence AI applications.