InHand Networks(SH:688080) Shang Hai Zheng Quan Bao·2025-06-02 19:01Meeting Details - The fourth board meeting of Beijing Yingtong Network Technology Co., Ltd. was held on May 30, 2025, with all 8 directors present [2][4] - The meeting was convened in accordance with the relevant laws and regulations [2] Resolutions Passed Stock Incentive Plan - The board approved the proposal to grant restricted stock to 38 incentive objects, totaling 395,000 shares at a price of 24.00 CNY per share, with the grant date set for May 30, 2025 [3][17] - The voting results were unanimous in favor, with no objections or abstentions [4][9] - The proposal had previously been approved by the Compensation and Assessment Committee [6] Share Buyback Price Adjustment - The board approved an increase in the maximum buyback price from 38 CNY to 65.04 CNY per share due to the recent rise in stock prices [8][38] - The voting results were unanimous in favor, with no objections or abstentions [9][10] - This adjustment does not require shareholder meeting approval [41] Stock Incentive Plan Details - The total number of restricted shares granted is 395,000, representing approximately 0.53% of the company's total share capital of 73,851,842 shares [17][20] - The plan's effective period is up to 48 months, with shares vesting in accordance with specified conditions [24][25] - The plan has been verified to comply with all relevant laws and regulations [33][34] Buyback Program Overview - The company previously approved a buyback program with a budget of 20 million to 40 million CNY, with a maximum buyback price initially set at 38 CNY per share [39] - As of the announcement date, the company has repurchased 198,000 shares, accounting for 0.27% of the total share capital [40] - The adjustment in the buyback price is based on the company's confidence in its future development and stock value [41]