Shang Hai Zheng Quan Bao·2025-06-09 20:04Core Viewpoint - China Railway Group Limited has announced the repurchase and cancellation of 856,199 restricted stocks from five incentive targets due to their disqualification from the incentive plan [2][4]. Summary by Sections Reason for Repurchase and Cancellation - The repurchase is due to two incentive targets becoming ineligible to hold restricted stocks and three others failing to meet job performance standards or engaging in misconduct [2][4]. Details of the Repurchase - The decision to repurchase was approved during the board meeting on March 13, 2025, and the company has complied with relevant legal procedures [2][3][4]. - The total number of restricted stocks being repurchased is 856,199, which were granted but not yet released from restrictions [5]. Stock Structure Changes - Following the repurchase, the total share capital of the company will decrease from 24,741,865,118 shares to 24,741,008,919 shares [6]. Legal Compliance - The legal opinion confirms that the repurchase complies with the relevant regulations and that the necessary authorizations have been obtained [7].