Befar(SH:601678) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-05-18 22:41Core Viewpoint - The company is repurchasing and canceling 1,200,000 restricted stocks due to one incentive object leaving for personal reasons, which disqualifies them from the incentive program [2][3]. Group 1: Repurchase and Cancellation Details - The decision for the repurchase and cancellation of restricted stocks was approved in meetings held on March 24, 2025, by the company's board and supervisory board [2]. - The repurchase price for the canceled stocks will be at the grant price as per the company's 2024 restricted stock incentive plan [3]. - The repurchase involves one key employee, Gao Hui, and after this cancellation, there will be 27,000,000 restricted stocks remaining [4]. Group 2: Legal and Compliance Aspects - The company has opened a dedicated securities account for the repurchase and submitted the application to the China Securities Depository and Clearing Corporation [5]. - The cancellation of the stocks is expected to be completed by May 21, 2025, and the company will handle the necessary registration changes [5]. - The legal opinion from Beijing Hairun Tianrui Law Firm confirms that the repurchase has obtained necessary approvals and complies with relevant laws and regulations [8].