ycec(SH:600248) Shang Hai Zheng Quan Bao·2025-06-25 19:55Core Viewpoint - The company plans to repurchase and cancel a total of 27,847,000 restricted stocks due to changes in the positions of 14 incentive targets and unmet performance indicators for 430 incentive targets [2][3][6]. Group 1: Reasons for Repurchase and Cancellation - The repurchase and cancellation involve 2,800,000 shares for 14 incentive targets who have changed positions and 25,047,000 shares for 430 incentive targets whose performance did not meet the second unlock conditions [2][6][7]. - The adjusted repurchase price for the restricted stocks is set at 1.98 yuan per share, based on the company's equity distribution for 2022, 2023, and the first half of 2024 [2][3][6]. Group 2: Decision and Disclosure Process - The decision for the repurchase and cancellation was approved in the 24th meeting of the 8th Board of Directors and the 15th meeting of the 8th Supervisory Board held on April 28, 2025 [3][4]. - The company has fulfilled the necessary notification procedures to creditors regarding the repurchase and cancellation [4][5]. Group 3: Implementation and Future Steps - The company has opened a dedicated securities account for the repurchase and is expected to complete the cancellation by June 30, 2025 [8]. - After the cancellation, the remaining restricted stocks will total 25,806,000 shares [7][8]. Group 4: Legal Compliance and Assurance - 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 [9][10]. - A legal opinion has been provided confirming that the repurchase and cancellation have obtained necessary authorizations and approvals [10][11].