ITG(SH:600755) Zheng Quan Zhi Xing·2025-06-17 10:29Core Viewpoint - Xiamen International Trade Group Co., Ltd. is proceeding with the repurchase and cancellation of a portion of the restricted stock from its 2022 incentive plan, following necessary approvals and in compliance with relevant regulations [1][4][8]. Group 1: Approval and Authorization - The company held a shareholders' meeting on April 12, 2022, where it approved the 2022 incentive plan and authorized the board to handle necessary matters related to the repurchase and cancellation of restricted stock [4]. - The board and supervisory board meetings on June 17, 2025, also approved the proposal for the repurchase and cancellation of restricted stock [5]. Group 2: Details of the Repurchase and Cancellation - A total of 29,842,451 shares will be repurchased and canceled due to various reasons, including retirement, job transfers, and failure to meet performance targets [6][7]. - The repurchase price for the shares is set at 4.50 yuan per share for the initial grant and 4.92 yuan per share for the reserved grant, with adjustments for interest in certain cases [7][8]. Group 3: Compliance and Next Steps - The repurchase and cancellation process must adhere to the disclosure requirements and procedures outlined in the relevant regulations and laws [8]. - The legal opinion confirms that the necessary approvals have been obtained and that the actions are in compliance with the applicable management measures and the 2022 incentive plan [8].