Core Points - The company plans to repurchase and cancel 175,000 restricted shares due to 10 incentive recipients not meeting the 100% release conditions from the 2023 incentive plan [1][2] - The decision was approved during the board and supervisory meetings held on April 28, 2025 [1][2] - The repurchase is in accordance with the relevant laws and regulations, including the "Management Measures for Equity Incentives of Listed Companies" [2][5] Repurchase and Cancellation Details - The repurchase involves 10 incentive recipients, with performance evaluations resulting in 4 individuals rated B and 6 rated C, thus not qualifying for full release [2] - The repurchase will be processed through a dedicated securities account at China Securities Depository and Clearing Corporation [2] - The cancellation of shares is expected to be completed by July 8, 2025, followed by necessary business registration changes [3] Share Structure Changes - The share structure will change as follows: - Restricted shares before: 12,630,000; after cancellation: 12,455,000 - Unrestricted shares remain at 1,576,860,735 - Total shares before: 1,589,490,735; after cancellation: 1,589,315,735 [4] Compliance and Legal Opinions - The board confirms that the decision-making process and information disclosure comply with legal requirements and do not harm the rights of incentive recipients or creditors [5] - Legal opinions affirm that the repurchase and cancellation are in line with applicable laws and regulations, ensuring no significant harm to the company or shareholders [5][6]
通用股份: 江苏通用科技股份有限公司关于2023年部分限制性股票回购注销实施公告