De Xin Road Transportation(SH:603032) Shang Hai Zheng Quan Bao·2025-05-16 23:15Core Viewpoint - The company announced the repurchase and cancellation of 460,320 restricted shares due to the departure of six incentive targets from the 2021 stock incentive plan, which disqualifies them from holding the shares [2][5]. Group 1: Reasons for Repurchase - The repurchase is based on the company's 2021 stock incentive plan, which states that if an incentive target leaves the company, their unvested restricted shares cannot be released from restrictions and must be repurchased at the grant price [2][5]. - The six individuals involved include four from the initial grant and two from the reserved grant, all of whom have terminated their employment with the company [2][5]. Group 2: Repurchase and Cancellation Process - The decision for the repurchase was approved in a board meeting on February 25, 2025, and subsequently ratified in a shareholder meeting on March 13, 2025 [3][4]. - The company has completed the necessary legal procedures for notifying creditors regarding the repurchase and cancellation of shares, with no creditor claims reported during the public notice period [4]. Group 3: Share Structure Changes - Following the cancellation, the total number of shares will decrease from 233,975,000 to 233,514,680 [6]. - The remaining restricted shares after this cancellation will total 3,396,680 [6]. Group 4: Legal Compliance and Commitments - The board confirmed that the decision-making process and disclosures comply with legal regulations and the company's incentive plan, ensuring no harm to the rights of the incentive targets or creditors [6][7]. - The company has committed to ensuring the accuracy and completeness of the information regarding the repurchase and will bear legal responsibility for any disputes arising from this matter [7].