BSGCO(SZ:000959) Shang Hai Zheng Quan Bao·2025-04-26 00:53Core Viewpoint - Beijing Shougang Co., Ltd. plans to repurchase and cancel all remaining restricted stocks from the 2021 incentive plan due to unmet performance targets for the fiscal year 2024 and changes in some incentive recipients [13][23]. Group 1: Board and Supervisory Meetings - The 16th meeting of the 8th Board of Directors and the 13th meeting of the Supervisory Board were held on April 25, 2025, to discuss the repurchase of restricted stocks [2][9]. - All directors and supervisors participated in the meetings, and the decisions made were in compliance with legal regulations and company bylaws [3][9]. Group 2: Repurchase Proposal - The Board approved the proposal to repurchase and cancel a total of 19,013,650 shares of restricted stock due to the failure to meet performance assessment criteria for the fiscal year 2024 [5][13]. - The proposal requires approval from the shareholders' meeting [5][10]. Group 3: Reasons for Repurchase - The company did not meet the performance targets set in the incentive plan, with a net asset return rate of 0.4% and a negative growth rate of -27.89% in operating profit compared to 2019 [23]. - Changes in personnel due to organizational reasons affected 24 incentive recipients, leading to the repurchase of 1,432,692 shares [23][24]. - Two individuals left the company for personal reasons, resulting in the repurchase of 57,222 shares [24]. Group 4: Repurchase Details - The repurchase price is set at 3.25 yuan per share, adjusted from the original price due to previous dividend distributions [25]. - The total number of shares to be repurchased is 19,013,650, which will reduce the company's total share capital [27][28]. Group 5: Impact on Company - The repurchase is not expected to have a significant impact on the company's financial status or operational results [29]. - The management team will continue to strive for value creation for shareholders [29]. Group 6: Legal and Compliance - The repurchase has received necessary approvals and complies with relevant regulations [32]. - The company will notify creditors and undertake necessary legal procedures following the shareholders' approval [33].