CMST(SH:600787) Zheng Quan Zhi Xing·2025-06-19 09:08Core Viewpoint - The company has decided to repurchase and cancel a portion of restricted stock due to unmet conditions in the incentive plan and retirements of certain incentive targets, adjusting the repurchase price accordingly [1][2]. Group 1: Meeting Details - The Supervisory Board of the company held its 17th meeting of the 9th session on June 18, 2025, in Beijing, with all three attending supervisors present [1]. - The meeting was legally valid and complied with the relevant provisions of the Company Law and the Articles of Association [1]. Group 2: Stock Repurchase and Price Adjustment - The company will repurchase and cancel 4,872,998 shares of restricted stock due to the failure to meet the conditions for the third release of restrictions in the incentive plan and retirements of some incentive targets [1]. - The repurchase price has been adjusted to 2.282 yuan per share based on the profit distribution plans for the years 2020 to 2024 [1]. - The resolution for the stock repurchase and price adjustment was unanimously approved with 3 votes in favor and no votes against or abstentions [2].