Zhejiang Heda Technology (SH:688296) Zheng Quan Zhi Xing·2025-06-12 09:27Core Viewpoint - Zhejiang HeDa Technology Co., Ltd. is implementing a stock repurchase and cancellation of part of its restricted stock as part of its 2024 incentive plan, following legal and regulatory compliance [1][2][3]. Group 1: Approval and Authorization - The stock repurchase and cancellation have received necessary approvals from the company's board and supervisory board, in accordance with relevant laws and regulations [4][5]. - The board's resolutions regarding the repurchase and cancellation of restricted stocks have been documented and comply with the Company Law and the company's articles of association [4][5]. Group 2: Specifics of the Stock Repurchase - The repurchase involves 342,000 shares of restricted stock, with 5,000 shares related to a departing employee and 337,000 shares due to unmet performance targets [6][7]. - The repurchase price is set at 9.00 yuan per share, totaling 3,078,000 yuan, funded by the company's own resources [6][7]. Group 3: Information Disclosure - The company has fulfilled its information disclosure obligations regarding the stock repurchase, including announcements to shareholders and creditors [8][9]. - Creditors have been notified and have the right to claim their debts within 45 days of the announcement, with no claims received as of the report date [9]. Group 4: Conclusion - The legal opinion concludes that the stock repurchase and cancellation comply with all relevant regulations and that the company must proceed with the necessary capital reduction and share cancellation registration [10].