JiangSu Suyan Jingshen (SH:603299) Zheng Quan Zhi Xing·2025-06-04 10:34Core Viewpoint - Jiangsu Suyuan Jingshen Co., Ltd. is proceeding with the repurchase and cancellation of certain restricted stocks as part of its 2021 incentive plan, following necessary approvals and legal compliance [6][10]. Group 1: Approval and Authorization - The board of directors approved the repurchase of restricted stocks held by four incentive recipients who have reached retirement age and no longer meet incentive conditions [6][7]. - The supervisory board provided relevant verification opinions, and the company has published a notice to creditors regarding the capital reduction due to the stock repurchase [6][9]. - As of the date of the legal opinion, no objections from creditors have been received, confirming compliance with the necessary legal and regulatory requirements [6][10]. Group 2: Details of the Repurchase - The repurchase involves 270,667 shares, which represents 0.0346% of the company's total share capital [7][9]. - The repurchase price has been adjusted from 4.79 yuan per share to 3.85498 yuan per share due to previous cash dividends distributed to shareholders [8][9]. - The total funds required for the repurchase amount to approximately 1.0434 million yuan, sourced from the company's own funds [8][9]. Group 3: Implementation Status - The company has opened a dedicated account with the China Securities Depository and Clearing Corporation and submitted the necessary applications for the stock repurchase [9][10]. - The cancellation of the restricted stocks is expected to be completed by June 9, 2025, after which the company will proceed with the required business registration changes [9][10]. Group 4: Conclusion - The legal opinion concludes that the company has fulfilled all necessary approval and authorization procedures for the stock repurchase, and the actions taken are in accordance with relevant laws and regulations [10].