Alter announced that due to changes in the internal and external environment, the expected operating and incentive plan assessment indicators are biased, and the company plans to terminate the 2024 restricted stock incentive plan. On December 26, 2025, the relevant bill was reviewed and passed by the board of directors and still needs to be approved by the shareholders' meeting. The company will repurchase and cancel 2.9965 million Class I restricted shares and execute it at 6.13 yuan/share plus interest on deposits for the same period. The capital comes from its own funds; 3,036,500 Class II restricted shares will be scrapped. This termination will not have a significant impact on the company's daily operations and future development.

Alter announced that due to changes in the internal and external environment, the expected operating and incentive plan assessment indicators are biased, and the company plans to terminate the 2024 restricted stock incentive plan. On December 26, 2025, the relevant bill was reviewed and passed by the board of directors and still needs to be approved by the shareholders' meeting. The company will repurchase and cancel 2.9965 million Class I restricted shares and execute it at 6.13 yuan/share plus interest on deposits for the same period. The capital comes from its own funds; 3,036,500 Class II restricted shares will be scrapped. This termination will not have a significant impact on the company's daily operations and future development.