东方精工: 关于部分限制性股票回购注销完成的公告

Core Viewpoint - The company has completed the repurchase and cancellation of 480,000 restricted shares as part of its 2022 stock incentive plan due to unmet performance conditions for the third unlock period [1][9][10]. Summary by Sections Stock Repurchase and Cancellation - The company repurchased and canceled 480,000 restricted shares, which is approximately 0.04% of the total share capital before the repurchase [1][9]. - The repurchase price was set at 1 yuan per share, totaling 480,000 yuan [9][10]. - Following the cancellation, the total share capital decreased from 1,217,766,340 shares to 1,217,286,340 shares [1][10]. Performance Conditions - The stock incentive plan included performance conditions that needed to be met for the unlocking of shares, which were not achieved for the third unlock period [9][10]. - The company’s performance target for the third unlock period was based on a net profit growth rate of no less than 30% compared to the average net profit of 500,578,449.68 yuan for 2020 and 2021 [7][9]. - The actual net profit for 2024 was reported as 508,834,980.4 yuan, resulting in a growth rate of only 18.82%, thus failing to meet the required target [8][9]. Approval and Compliance - The repurchase and cancellation of shares were approved during the company's board meetings and were in compliance with the relevant regulations and the company's articles of association [2][3][6]. - The company has confirmed that all necessary procedures were followed, and the cancellation was completed on May 26, 2025 [2][9]. Share Structure Post-Repurchase - After the repurchase, the structure of the company's shares remains compliant with listing requirements, with no significant changes to the distribution of shares [10]. - The number of restricted shares with limited sale conditions decreased to zero, while the number of unrestricted shares slightly increased [10].