Neoway(SH:688159) Zheng Quan Zhi Xing·2025-06-30 16:46Core Points - The company announced the repurchase and cancellation of 20,250 restricted stocks due to not meeting the target value in the second unlock period of the 2023 restricted stock incentive plan, despite achieving the trigger value [1][2] - The repurchase and cancellation were approved by the board and do not require shareholder meeting approval, as it falls within the authorized scope [1][2] - After the cancellation, the remaining restricted stocks under the incentive plan will total 180,000 shares [2][3] Repurchase and Cancellation Details - The repurchase involves three individuals and a total of 20,250 shares, which will be completed by July 3, 2025 [2][3] - The company's share structure will change as follows: - Restricted shares before: 200,250; after: 180,000 - Unrestricted shares remain at 92,728,820, totaling 92,908,820 shares after the cancellation [4] - The company assures that the repurchase process complies with legal and regulatory requirements and will not adversely affect the rights of the incentive recipients or creditors [4][5] Legal and Compliance - The company has obtained necessary approvals and fulfilled disclosure obligations regarding the repurchase and cancellation [5] - The legal opinion confirms that the repurchase aligns with relevant laws and regulations, and the company will proceed with necessary capital reduction and share cancellation registrations [5]