Hengshun Vinegar(SH:600305) Zheng Quan Zhi Xing·2025-06-11 11:35Core Viewpoint - Jiangsu Hengshun Vinegar Industry Co., Ltd. is implementing a partial repurchase and cancellation of restricted stock as part of its 2024 incentive plan, following necessary legal procedures and approvals [2][6][10]. Group 1: Legal Framework and Procedures - The legal opinion is based on the Company Law, Securities Law, and the 2025 revised Management Measures for Listed Company Equity Incentives, ensuring compliance with relevant regulations [2][3]. - The company has completed the necessary procedures for the incentive plan, including approval from the supervisory board and public disclosure of the incentive object list [6][8]. - The repurchase and cancellation of restricted stocks have been authorized by the company's board, and no shareholder vote is required for this action [7][10]. Group 2: Details of the Repurchase and Cancellation - The repurchase involves 2,433,900 shares of restricted stock due to the departure of three incentive objects and performance-related issues, with a repurchase price of 3.85 yuan per share [9][10]. - The company has established a dedicated securities account for the repurchase and expects to complete the cancellation by June 16, 2025 [10]. - After the repurchase, the remaining restricted stock will total 3,483,300 shares, ensuring that the incentive plan remains intact for other eligible personnel [9][10].