Hotata(SH:603848) Zheng Quan Zhi Xing·2025-06-19 10:00Core Viewpoint - The company, Guangdong Haotaitai Technology Group Co., Ltd., is repurchasing and canceling a total of 1.505 million restricted stocks due to the failure to meet performance targets and the departure of certain incentive plan participants [1][2]. Summary by Sections Repurchase and Cancellation Reasons - The repurchase and cancellation of restricted stocks involve 36 incentive participants, with a total of 150,500 shares being repurchased due to four participants leaving the company and not meeting the performance criteria for the 2023 restricted stock incentive plan [1][2]. Details of the Repurchase - The decision for the repurchase was approved during the board and supervisory meetings held on April 24, 2025, and the company disclosed the relevant information on April 26, 2025 [2]. - The repurchase involves 150,500 shares that were granted but not yet released from restrictions, with the cancellation expected to be completed by June 24, 2025 [3]. Changes in Share Structure - Following the repurchase and cancellation, the company's share structure will change as follows: - Restricted shares before: 1,505,000 - Restricted shares after: 0 - Total shares before: 403,911,511 - Total shares after: 402,406,511 [3][4]. Compliance and Legal Opinions - The board confirmed that the decision-making process and information disclosure comply with relevant laws and regulations, ensuring no harm to the rights of incentive participants or creditors [4]. - Legal opinions from Guoxin Xinyang Law Firm affirm that the repurchase has obtained necessary approvals and complies with applicable laws and regulations [4][5].