KING-STRONG(SZ:300629) Zheng Quan Zhi Xing·2025-06-20 12:28Core Viewpoint - The company has announced the cancellation of 928,200 unvested restricted stocks from its 2022 stock incentive plan due to the departure of three original incentive targets and the failure to meet performance assessment requirements for 2024 [4][5][6]. Summary by Sections Approval Procedures for the 2022 Stock Incentive Plan - The company held multiple board and supervisory meetings in October and November 2022 to approve the stock incentive plan and its management methods, with independent opinions provided by the independent directors [1][2][3]. Specifics of the Canceled Restricted Stocks - The cancellation involves 928,200 shares that were granted but not vested, as three original incentive targets left the company and the company did not meet the performance criteria for the second vesting period [4][5][6]. Impact of the Cancellation on the Company - The cancellation of these restricted stocks will not materially affect the company's financial status or operational results, nor will it impact the stability of the management team or the ongoing implementation of the stock incentive plan [5]. Supervisory Board Opinion - The supervisory board has reviewed the situation and agrees with the cancellation, confirming that it complies with relevant laws and regulations without harming shareholder interests [6]. Legal Opinion Conclusion - The stock incentive plan cancellation has received the necessary authorizations and approvals, aligning with the management regulations and the company's articles of association [6].