Peacebird(SH:603877) Shang Hai Zheng Quan Bao·2025-06-08 18:39Core Viewpoint - Ningbo Taiping Bird Fashion Co., Ltd. has announced the repurchase and cancellation of restricted stocks due to the termination of the 2021 restricted stock incentive plan and the failure to meet performance assessments in the 2024 incentive plan, affecting a total of 2,749,932 shares [2][5][7]. Group 1: Reasons for Repurchase and Cancellation - The repurchase and cancellation are due to the termination of the 2021 restricted stock incentive plan, with 1,149,000 shares held by 26 incentive targets being repurchased [2][3]. - In the 2024 incentive plan, 1,600,932 shares held by 8 incentive targets are to be repurchased due to performance assessment failures and the departure of 2 individuals [2][7]. Group 2: Details of the Repurchase and Cancellation - The decision for the repurchase was approved in meetings held on February 26, March 17, March 27, and April 22, 2025, with relevant announcements made on the Shanghai Stock Exchange [3][4]. - The total number of shares to be repurchased includes 951,000 shares from 21 incentive targets and 198,000 shares from 5 departed targets under the 2021 plan, along with 750,932 shares from 6 targets and 850,000 shares from 2 departed targets under the 2024 plan [6][7]. Group 3: Future Actions and Compliance - The company has opened a special securities account for the repurchase and expects to complete the cancellation by June 11, 2025, followed by necessary business registration changes [8]. - The board has confirmed that all procedures and disclosures comply with legal regulations and that there are no damages to the rights of incentive targets or creditors [10].