ZMD(SH:688636) Zheng Quan Zhi Xing·2025-06-16 11:51Core Viewpoint - The company announced the repurchase and cancellation of 89,266 shares of restricted stock due to unmet performance conditions in its 2023 incentive plan [1][5][6]. Decision Process and Disclosure - The company held multiple board and supervisory meetings to approve the 2023 restricted stock incentive plan and its related management measures, with independent opinions and legal reports provided [1][2][3]. - The plan was publicly disclosed and approved by the shareholders at the third extraordinary general meeting on June 1, 2023 [2][3]. Reasons for Repurchase - The repurchase of the restricted stock is due to the failure to meet the performance conditions set for the second phase of the 2023 incentive plan, resulting in the inability to lift the restrictions on the shares [5][6]. - The total number of shares to be repurchased represents approximately 0.0532% of the company's total share capital [5]. Financial Details - The total amount allocated for the repurchase of the restricted stock is approximately 945,525.48 yuan, sourced from the company's own funds [5]. - The repurchase price is set at 10.2376 yuan per share, plus interest from bank deposits [6]. Impact on Share Capital Structure - Following the repurchase, the company's total share capital will decrease from 167,716,671 shares to 167,627,405 shares [6]. - The repurchase will not have a substantial impact on the company's financial status or operational results [6]. Committee Opinions - The remuneration and assessment committee agreed that the repurchase aligns with relevant regulations and does not harm the rights of shareholders, particularly minority shareholders [6][7].