NOVA TECH(SZ:300921) Zheng Quan Zhi Xing·2025-06-20 09:37Core Viewpoint - The company has decided to cancel a total of 1,222,200 shares of unvested restricted stock from its 2022 incentive plan due to the departure of certain incentive recipients and failure to meet performance targets for 2024 [1][6][8] Summary by Sections 1. Announcement of Cancellation - On June 20, 2025, the company held meetings to approve the cancellation of unvested restricted stock from the 2022 incentive plan, with unanimous support from the board and supervisory committee [1][6] 2. Background of the 2022 Incentive Plan - The 2022 incentive plan was approved through a series of meetings and public disclosures starting from September 29, 2022, with independent opinions provided by the board [2][3][4] 3. Reasons for Cancellation - The cancellation is attributed to: - Departure of three incentive recipients who no longer qualify for the program, resulting in the cancellation of 33,850 shares [6][8] - Failure to meet the performance assessment criteria for the third vesting period, leading to the cancellation of 1,188,350 shares [6][7] 4. Total Shares Canceled - The total number of shares canceled amounts to 1,222,200, which includes both the shares from departed employees and those not meeting performance targets [7][8] 5. Impact on the Company - The cancellation of these shares is not expected to have a significant impact on the company's financial status or operational performance, nor will it affect the management team's motivation and stability [8][9] 6. Opinions from Committees - The supervisory committee and the compensation and assessment committee have reviewed and agreed with the decision to cancel the shares, confirming compliance with relevant regulations and the incentive plan [8][9]