Zheng Quan Zhi Xing·2025-06-20 11:51Core Viewpoint - Maanshan Iron & Steel Co., Ltd. announced the repurchase and cancellation of certain restricted stocks due to unmet performance targets as per the 2021 A-share restricted stock incentive plan [1][2][3] Group 1: Repurchase Details - The company plans to repurchase and cancel a total of 21,423,400 restricted stocks at a repurchase price of RMB 2.29 per share, amounting to a total of RMB 49,135,168 [5][6] - The repurchase is due to the failure to meet the performance assessment targets for the year 2024, which included a net asset cash return rate of 10.04% and a profit total of -45.08 billion RMB [3][4] - The repurchase will also include stocks from three individuals who reached retirement age and are no longer employed by the company, with their repurchase price adjusted to RMB 2.48 per share [4][5] Group 2: Impact on Share Structure - Following the repurchase, the company's share structure will change, with restricted shares decreasing from 21,423,400 to 0, while unrestricted shares remain at 7,700,681,186, resulting in a total of 7,700,681,186 shares post-repurchase [5][6] Group 3: Compliance and Approval - The repurchase plan has been approved by the board and is pending approval from the shareholders' meeting, ensuring compliance with relevant laws and regulations [6][7] - The supervisory board has confirmed that the repurchase aligns with the company's incentive management regulations and does not harm shareholder interests [6][7]