FAW Jiefang(000800) 证券之星· Zheng Quan Zhi Xing·2025-03-28 14:51Core Viewpoint - The company announced the repurchase and cancellation of 1,090,201 restricted stocks due to the failure to meet performance targets set in the first phase of the stock incentive plan [1][9][12] Group 1: Announcement Details - The board of directors approved the proposal to repurchase and cancel restricted stocks on March 28, 2025, due to unmet performance conditions for the third unlock period [1][12] - A total of 1,056,310 shares will be repurchased from 29 incentive recipients, and an additional 33,891 shares from one employee supervisor [1][9] - The proposal requires approval from the company's shareholders [1][12] Group 2: Performance Targets - The performance targets for the third unlock period included a weighted average return on net assets of no less than 11.70%, a net profit growth rate of no less than 61% compared to 2019, an economic value added of no less than 3 billion yuan, and a market share in the domestic heavy-duty truck market of no less than 25.1% [9][10] Group 3: Repurchase Price and Funding - The repurchase price for the restricted stocks is adjusted to 5.58 yuan per share, calculated based on the original grant price minus dividends [10][11] - The total estimated funds required for the repurchase amount to approximately 6,083.32 million yuan, sourced from the company's own funds [11][12] Group 4: Impact on Share Capital Structure - Following the repurchase, the company's total share capital will decrease from 4,922,371,176 shares to 4,921,280,975 shares [11][12] - The company will follow legal procedures for the reduction of capital [11][12] Group 5: Monitoring and Legal Opinions - The supervisory board confirmed that the repurchase complies with relevant regulations and that the number of shares to be repurchased is accurate [12] - Legal opinions affirm that the repurchase adheres to applicable laws and regulations [12]