Zheng Quan Zhi Xing·2025-05-26 12:23Core Viewpoint - Company completed the repurchase and cancellation of part of the A-share restricted stock, involving 393,600 shares at a price of 5.157 yuan per share, totaling approximately 2,029,795.20 yuan [1][9][10] Summary by Sections Announcement of Repurchase Cancellation - The repurchase involved 393,600 shares, accounting for 1.55% of the total A-share restricted stock granted in 2022 and 0.03% of the total share capital before the repurchase [1][9] - The repurchase was approved during the board and supervisory meetings held on December 13, 2024 [1][9] Approval Process for the Incentive Plan - The 2022 A-share restricted stock incentive plan was approved by the board and supervisory committee on December 30, 2022, with a total of 596 incentive objects [2][3] - The plan underwent public disclosure and received no objections during the internal review period [2] Details of the Repurchase - The repurchase was necessitated by the departure of one incentive object and job adjustments for 16 others [9][10] - The repurchase price was set at 5.157 yuan per share, based on the provisions of the incentive plan [10][11] - The total amount for the repurchase was 2,029,795.20 yuan, sourced from the company's own funds [10] Changes in Share Capital Structure - Following the repurchase, the total share capital decreased from 1,386,010,405 shares to 1,385,616,805 shares [10] - The repurchase represented a reduction of 393,600 shares from the total share capital [10] Legal and Compliance Aspects - The repurchase and cancellation have been verified by an accounting firm and deemed compliant with relevant laws and regulations [12] - The company will proceed with necessary amendments to its articles of association and registration changes following the repurchase [13]