Andawell(SZ:300719) Zheng Quan Zhi Xing·2025-06-13 10:18Core Viewpoint - The company has completed the repurchase and cancellation of 469,300 shares of restricted stock that were granted but not yet unlocked under the 2022 restricted stock incentive plan, resulting in a reduction of total shares from 254,696,450 to 254,227,150 shares [1][12]. Summary by Sections 1. Approval Process for the 2022 Restricted Stock Incentive Plan - The company has followed the necessary approval procedures for the 2022 restricted stock incentive plan, including independent director consent and legal opinions [1][2]. - The plan was approved on September 9, 2022, with 205,200 shares granted to 88 incentive objects [2][3]. 2. Adjustments to Incentive Objects and Shares - The number of incentive objects was adjusted from 88 to 86 due to two individuals voluntarily giving up their shares, reducing the total shares from 205,200 to 165,100 [2][3]. - Further adjustments were made, leading to a final count of 84 incentive objects and 153,100 shares after additional cancellations [4][5]. 3. Reasons for Repurchase and Cancellation - The repurchase was necessitated by the departure of incentive objects and the company's failure to meet performance targets outlined in the incentive plan [8][9]. - The repurchase price was set at the grant price, which was adjusted to 5.81 yuan per share after considering dividends and interest [8][10]. 4. Completion of Repurchase and Cancellation - The repurchase and cancellation process has been completed, with the total share count reduced to 254,227,150 shares [12]. - The company has provided a verification report from an accounting firm confirming the completion of the repurchase [12]. 5. Impact on Share Structure - The cancellation of shares has resulted in a slight change in the share structure, with the proportion of restricted shares decreasing [12]. - The company maintains compliance with listing requirements following the share repurchase [12].