DAAE(SH:600178) Zheng Quan Zhi Xing·2025-06-20 10:12Core Viewpoint - The company, Harbin Dong'an Automotive Power Co., Ltd., has decided to repurchase and cancel 4,447,234 shares of restricted stock due to unmet performance targets for 2024 and the departure of some incentive recipients [1][2]. Summary by Sections Repurchase and Cancellation Reasons - The repurchase and cancellation of restricted stock is based on the failure to meet performance assessment targets as outlined in the "2021 Stock Incentive Plan" [2][3]. - The company did not achieve the performance goals set for the fiscal year 2024, leading to the decision to cancel the shares [2]. Details of the Repurchase - A total of 235 incentive recipients are involved in this repurchase, with the total number of shares being 4,447,234 [4]. - The company has completed the repurchase using its own funds and has initiated the necessary procedures for the transfer of shares [4]. Changes in Share Structure - Following the repurchase, the company's share structure will change as follows: - Restricted tradable shares before: 4,447,234; after: 0 - Unrestricted tradable shares remain at 466,476,161 - Total shares before: 470,923,395; after: 466,476,161 [4]. Compliance and Legal Assurance - The board of directors has confirmed that the decision-making process and information disclosure comply with relevant laws and regulations [4][5]. - The company has ensured that all involved parties have been informed and have not raised objections regarding the repurchase [5][6].