ycec(SH:600248) Zheng Quan Zhi Xing·2025-06-25 17:22Core Viewpoint - The company plans to repurchase and cancel a total of 27,847,000 restricted shares from 444 incentive targets due to job changes and unmet performance targets in the 2023 stock incentive plan, with a repurchase price adjusted to 1.98 yuan per share [1][2][4]. Group 1: Reasons for Repurchase and Cancellation - The repurchase and cancellation of shares involve 14 incentive targets whose job positions have changed, leading to the cancellation of 2,800,000 shares [1][2]. - Additionally, 430 incentive targets did not meet the performance criteria for the second release period, resulting in the cancellation of 25,047,000 shares [1][2]. Group 2: Repurchase and Cancellation Details - The total number of shares to be repurchased and canceled is 27,847,000, affecting 444 individuals [4]. - The repurchase process has been initiated with the China Securities Depository and Clearing Corporation, and the cancellation is expected to be completed by June 30, 2025 [4]. Group 3: Changes in Share Structure - Following the repurchase and cancellation, the number of restricted shares will decrease from 61,843,000 to 33,996,000, while the total shares will reduce from 3,767,582,286 to 3,739,735,286 [4]. Group 4: Legal Compliance and Commitments - The company has confirmed that the decision-making process and information disclosure comply with relevant laws and regulations, ensuring no harm to the rights of incentive targets or creditors [4][5]. - A legal opinion has been obtained confirming that the repurchase and cancellation process has the necessary authorizations and approvals [5].