Snowsky Salt(SH:600929) Zheng Quan Zhi Xing·2025-06-20 11:30Core Viewpoint - The company Snow Tian Salt Industry Group Co., Ltd. has announced the repurchase and cancellation of certain restricted stocks that have been granted to incentive recipients but have not yet been released from restrictions, following the approval of relevant proposals by the board of directors and supervisory board [1][2][3]. Group 1: Incentive Plan Procedures - The company has completed the necessary procedures for the 2021 Restricted Stock Incentive Plan, including verification of the list of incentive recipients and obtaining independent opinions from independent directors [1][2]. - The supervisory board has approved various proposals related to the incentive plan, including the initial grant of restricted stocks and the repurchase of stocks from recipients who no longer meet the criteria [2][3]. Group 2: Repurchase and Cancellation Details - A total of 154,500 shares of restricted stock will be repurchased and canceled due to six incentive recipients leaving the company due to uncontrollable job transfers [4][6]. - The repurchase price for the initially granted restricted stocks has been adjusted from 1.95 RMB/share to 1.863 RMB/share, while the price for reserved grants has been adjusted from 2.92 RMB/share to 2.833 RMB/share [6][7]. Group 3: Financial Impact and Share Structure - The total amount allocated for the repurchase of restricted stocks is 1,136,384.70 RMB, sourced from the company's own funds [7]. - Following the repurchase and cancellation, the company's share structure will change, with the number of restricted shares decreasing from 4,001,252 to 3,402,858, while the total shares will decrease from 1,640,711,650 to 1,640,113,256 [8]. Group 4: Supervisory Board Opinion - The supervisory board supports the repurchase and cancellation of restricted stocks for recipients who no longer meet the incentive criteria due to job changes or unsatisfactory performance evaluations [9].