ENJOYOR(SZ:300020) Zheng Quan Zhi Xing·2025-05-23 13:14Core Viewpoint - The company has decided to terminate the implementation of the 2021 stock option incentive plan and the 2023 restricted stock incentive plan due to the inability to express an opinion on the financial report for 2023, as indicated by the auditing firm [10][11]. Group 1: Termination of Incentive Plans - The termination of the 2021 stock option incentive plan involves the cancellation of 12.672 million stock options that were granted but not exercised [11]. - The 2023 restricted stock incentive plan will also be terminated, resulting in the cancellation of 16 million shares of restricted stock that were granted but not vested [11]. - The decision to terminate these plans is in compliance with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [12][14]. Group 2: Approval and Authorization - The company has obtained necessary approvals and authorizations for the termination from its board of directors and supervisory board, as well as independent directors [10][12]. - The company has followed the required procedures for the termination, including the review and approval of relevant resolutions by the board and supervisory committee [5][10]. Group 3: Impact and Future Plans - The termination of the incentive plans is not expected to harm the interests of the company or its shareholders and will not significantly impact the company's daily operations or future development [12]. - The company plans to optimize its compensation system and performance evaluation mechanisms to motivate management and core employees, and will consider launching effective incentive plans in the future [13][12]. Group 4: Disclosure Obligations - The company will fulfill its information disclosure obligations in accordance with relevant regulations, including timely announcements related to the termination of the incentive plans [14][12].