Fulai New Material(605488) 证券之星·2025-03-28 09:37Core Viewpoint - The company has decided to repurchase and cancel a total of 320,000 shares of restricted stock from its 2023 incentive plan due to unmet performance targets and the departure of certain incentive recipients [1][6][13]. Group 1: Repurchase and Cancellation Details - The repurchase involves 320,000 shares of restricted stock that were granted under the 2023 incentive plan [6][9]. - The reason for the repurchase includes the failure of the subsidiary, Yantai Fuli New Materials Technology Co., Ltd., to meet the performance targets set for the second unlock period [6][8]. - The repurchase price has been adjusted to 7.46 yuan per share, reflecting a deduction of 0.1 yuan per share from the original grant price due to cash dividends [10][11]. Group 2: Performance Targets - The performance targets for the restricted stock included achieving a revenue of at least 519 million yuan for 2023, 900 million yuan for 2024, and 1.176 billion yuan for 2025 [6][8]. - The actual revenue for 2024 was reported at 513 million yuan, which did not meet the target for the second unlock period [8]. Group 3: Impact on Company Structure - Following the repurchase, the total number of restricted shares will decrease from 3,375,790 to 3,055,790, while the total number of unrestricted shares remains unchanged at 198,019,473 [12]. - The repurchase will not lead to any changes in the controlling shareholder or actual controller of the company, maintaining compliance with listing requirements [12][13]. Group 4: Compliance and Approval - The repurchase and cancellation process has been reviewed and approved by the company's remuneration and assessment committee, as well as the supervisory board, confirming compliance with relevant regulations [13][15]. - The company will continue to fulfill its responsibilities to create value for shareholders despite the repurchase [13].