Core Viewpoint - China Resources Materials has decided to repurchase and cancel 4.7659 million restricted stocks due to unmet performance assessment conditions and the departure of some incentive recipients [1][3]. Summary by Sections Incentive Plan Review - On December 30, 2022, China Resources Materials held its 31st meeting of the first board of directors, approving the relevant proposals for the 2022 restricted stock incentive plan. After several board and supervisory meetings, public announcements, and approvals, on May 24, 2023, 8.13 million restricted stocks were granted to 87 eligible recipients, with 6.9423 million stocks actually granted to 77 individuals at a price of 5.32 yuan per share [2]. Reasons for Repurchase and Cancellation - The repurchase and cancellation of stocks are due to two main reasons: 1. Performance assessment not meeting standards: The assessment period is from 2023 to 2025, with a requirement for a compound annual growth rate of not less than 15% for the net profit attributable to the parent company for 2023 and 2024 compared to 2021. The company did not meet these conditions, leading to the cancellation of 2.9664 million stocks held by 56 recipients [3]. 2. Departure of incentive recipients: 12 recipients left the company for various reasons, resulting in the cancellation of 1.7995 million stocks. In total, the company plans to repurchase and cancel 4.7659 million stocks [3]. Adjustment of Repurchase Price - Due to cash dividends distributed to all shareholders on July 3, 2023, and June 7, 2024, the adjusted repurchase price is set at 5.1983877 yuan per share, which has been approved by the board [4]. Funding Source and Arrangement - The funds for the repurchase of restricted stocks will come entirely from the company's own funds. The company will handle the repurchase and cancellation registration procedures in accordance with relevant laws and regulations [5]. Normal Adjustment of Incentive Plan - The repurchase and cancellation of part of the restricted stocks by China Resources Materials is considered a normal adjustment to the incentive plan, and the company will complete the necessary procedures as required [6].
华润材料476.59万股限制性股票将回购注销，两期解除限售条件未达标