YANTAI TAYHO(SZ:002254) Zheng Quan Zhi Xing·2025-05-12 14:25Core Viewpoint - The announcement details the failure to meet performance conditions for the second lock-up period of the 2022 restricted stock incentive plan, leading to the repurchase and cancellation of certain restricted stocks and an adjustment in the repurchase price from 8.65 yuan to 8.60 yuan per share [1][10][12]. Group 1: Incentive Plan Overview - The company implemented a restricted stock incentive plan in 2022, granting a total of 19,920,000 shares to 422 eligible participants [1][2]. - The first grant was completed with 1,881,000 shares awarded to 347 participants [3]. - The plan's performance conditions include net profit growth rate, return on equity, and debt-to-asset ratio [7][8]. Group 2: Repurchase Details - The company plans to repurchase and cancel 5,731,600 shares of restricted stock due to unmet performance targets, affecting 396 participants [11][12]. - The repurchase price for the stocks is set at 8.60 yuan per share, reflecting a decrease from the previous price [10][11]. - The total amount for the repurchase is approximately 49.30 million yuan, sourced from the company's own funds [10][11]. Group 3: Impact on Share Capital - Following the repurchase, the company's total share capital will decrease from 862,945,783 shares to 857,213,183 shares [11]. - The repurchase will not affect the ongoing implementation of the 2022 restricted stock incentive plan [11][12]. Group 4: Compliance and Approval - The repurchase and cancellation of restricted stocks comply with relevant laws and regulations, and the necessary internal approvals have been obtained [12][13]. - The company will seek shareholder approval for the repurchase plan and will fulfill disclosure obligations as required [13][14].