Aotejia plans to cancel the registered capital adjustment due to equity incentives, reducing it by 1.554 million yuan to 3.317 billion yuan.

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Beijing, March 24, 2026 — Autojia New Energy Technology Group Co., Ltd. (Securities Short Name: Autojia; Securities Code: 002239) announced today that, due to the repurchase and cancellation of restricted stock shares resulting from the resignation of certain incentive recipients, the company plans to adjust its registered capital and relevant provisions in the Articles of Association. This proposal was considered and approved at the second meeting of the Seventh Session of the Board of Directors and still needs to be submitted to the company’s shareholders’ meeting for approval.

The announcement shows that the change in registered capital this time is attributable to adjustment in the implementation of the Company’s 2024 restricted stock incentive plan. Due to the resignation of certain incentive recipients, in accordance with the incentive plan and the terms of the grant agreement, the company will repurchase and cancel the 1.554 million shares of restricted stock held by them. After the completion of this cancellation, the company’s total share capital will decrease from 3.318336316 billion shares to 3.316782316 billion shares, and the registered capital will correspondingly be adjusted from RMB 3.318336316 billion to RMB 3.316782316 billion, a decrease of RMB 1.554 million.

The following is the table comparing the proposed amendments to the relevant provisions of the Articles of Association:

Before amendment
After amendment
Article 6: The company’s registered capital is RMB 3,318,336,316. Where the company’s total amount of registered capital changes due to the increase or decrease of registered capital, after the shareholders’ meeting passes a resolution approving the increase or decrease of registered capital, the Articles of Association shall be revised accordingly, and the Board of Directors shall arrange the handling of the registration and filing procedures for the change in registered capital.
Article 6: The company’s registered capital is RMB 3,316,782,316. Where the company’s total amount of registered capital changes due to the increase or decrease of registered capital, after the shareholders’ meeting passes a resolution approving the increase or decrease of registered capital, the Articles of Association shall be revised accordingly, and the Board of Directors shall arrange the handling of the registration and filing procedures for the change in registered capital.
Article 21: The total number of the company’s shares is 3,318,336,316 shares, all of which are ordinary shares.
Article 21: The total number of the company’s shares is 3,316,782,316 shares, all of which are ordinary shares.

Except for the above adjustments to the provisions on registered capital and total number of shares, all other contents of the Articles of Association remain unchanged. The company stated that, upon approval by the shareholders’ meeting, it will依法办理工商变更登记手续并公告修订后的《公司章程》。

This adjustment is a routine operation undertaken by the company in accordance with the rules of its equity incentive plan and will not have a material impact on the company’s principal business and financial condition. Market analysts pointed out that this move is conducive to maintaining the seriousness of the equity incentive plan, while also optimizing the company’s equity structure and safeguarding shareholders’ rights and interests.

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