五芳斋: 浙江五芳斋实业股份有限公司关于2023年限制性股票激励计划部分限制性股票回购注销实施公告

Core Viewpoint - Zhejiang Wufangzhai Industrial Co., Ltd. announced the repurchase and cancellation of 1,147,659 restricted stocks due to unmet performance targets and the departure of certain incentive recipients [1][2][4] Group 1: Repurchase and Cancellation Details - The decision for the repurchase and cancellation was approved during the 19th meeting of the 9th Board of Directors and the 14th meeting of the 9th Supervisory Board on April 15, 2025 [1][2] - The repurchase involves 71 incentive recipients whose performance did not meet the second unlock period's targets, resulting in a total of 1,114,143 shares to be repurchased [2][4] - Additionally, 5 incentive recipients who left the company will have their 33,516 shares repurchased [4] Group 2: Performance Targets - The performance targets for the second unlock period required either a non-net profit growth rate of at least 39% or a cumulative non-net profit growth rate of at least 162% [2] - The company reported a revenue growth rate of -14.57% and a non-net profit growth rate of -9.66% for 2024, failing to meet the required performance targets [2] Group 3: Share Capital Structure Changes - Following the repurchase and cancellation, the total share capital will decrease from 198,273,527 shares to 197,125,868 shares [4][5] - The number of restricted shares will reduce from 76,397,885 to 75,250,226 shares, while the unrestricted shares remain unchanged at 121,875,642 [4][5] Group 4: Shareholder Ownership Changes - The ownership percentage of Shanghai Xinghe Digital Investment Co., Ltd., a major shareholder, will increase from 17.9048% to 18.0091% due to the reduction in total share capital [5] Group 5: Compliance and Legal Opinions - The company confirmed that the decision-making process and information disclosure comply with relevant laws and regulations, ensuring no harm to the rights of incentive recipients or creditors [5][6] - Legal opinions affirm that the repurchase and cancellation align with the management regulations and the incentive plan [6]