C&D INC.(SH:600153) Zheng Quan Zhi Xing·2025-06-11 10:40Core Viewpoint - Xiamen C&D Inc. announced the repurchase and cancellation of 47.55665 million restricted stocks due to the disqualification of certain incentive participants and unmet performance targets in the 2022 incentive plan [1][2][3] Group 1: Reasons for Repurchase and Cancellation - The repurchase and cancellation were approved by the board on April 11, 2025, due to 18 participants leaving the company and 4 retiring, which disqualified them from the 2022 incentive plan [1][2] - Additionally, 16 participants in the reserved grant also left, and 6 retired, leading to a total of 1,336 participants whose stocks remain restricted due to unmet performance targets [3] Group 2: Details of the Repurchase - A total of 47.55665 million restricted stocks will be repurchased and canceled, completing the 2022 incentive plan with no remaining restricted stocks [3][4] - The repurchase is expected to be completed by June 16, 2025, with a dedicated securities account opened for this purpose [3][4] Group 3: Changes in Share Capital Structure - Following the repurchase, the total number of restricted shares will decrease to zero, while the number of unrestricted shares remains at 2,899,538,551 [4] - The total share capital will adjust from 2,947,095,201 to 2,899,538,551 after the cancellation [4] Group 4: Compliance and Commitments - The board confirmed that the decision-making process and information disclosure comply with relevant laws and regulations, ensuring no harm to the rights of incentive participants or creditors [4] - The company has committed to taking legal responsibility for any disputes arising from this repurchase and cancellation [4]