According to Baiwei Storage's announcement, a board meeting was held on August 10 to review and pass a bill to dispose of some restricted stocks in the 2023 and 2025 restricted stock incentive plans. In 2023, a total of 48,500 shares were scrapped due to 5 people leaving their jobs, 18 people not meeting the assessment requirements; in 2025, due to 23 people leaving their jobs, 11 people not meeting the assessment requirements, and 3 voluntarily abandoning the subscription, a total of 1135.44 million shares were abolished. This abolition will not have a substantial impact on the company's finances, operations and core team stability, nor will it affect the continued implementation of the equity incentive plan.

According to Baiwei Storage's announcement, a board meeting was held on August 10 to review and pass a bill to dispose of some restricted stocks in the 2023 and 2025 restricted stock incentive plans. In 2023, a total of 48,500 shares were scrapped due to 5 people leaving their jobs, 18 people not meeting the assessment requirements; in 2025, due to 23 people leaving their jobs, 11 people not meeting the assessment requirements, and 3 voluntarily abandoning the subscription, a total of 1135.44 million shares were abolished. This abolition will not have a substantial impact on the company's finances, operations and core team stability, nor will it affect the continued implementation of the equity incentive plan.