VASTDATA(SH:603138) Zheng Quan Zhi Xing·2025-07-08 12:09Core Viewpoint - The company is proceeding with the repurchase and cancellation of a portion of restricted stock as part of its 2023 incentive plan, following necessary legal and procedural approvals [3][7][8]. Group 1: Approval and Authorization - The company has completed all necessary procedures for the formulation and implementation of the 2023 restricted stock incentive plan, including obtaining independent opinions from directors and approval from the supervisory board [3][4][5]. - The supervisory board has confirmed that there were no violations of insider trading regulations related to the incentive plan [4][6]. - The company has fulfilled the necessary approvals and authorizations for the repurchase of restricted stock, in compliance with relevant laws and regulations [6][7]. Group 2: Repurchase Details - The repurchase is due to 8 incentive recipients leaving the company, resulting in the cancellation of 460,000 shares of restricted stock that have not yet been released from restrictions [7][8]. - The repurchase price is set at RMB 9.05 per share, as determined during the initial grant of the restricted stock, with no adjustments needed due to the absence of profit distribution in 2023 [8]. - The total amount for the repurchase is RMB 4,163,000, which will be funded entirely from the company's own resources [8]. Group 3: Implementation Process - The company has initiated the necessary procedures to notify creditors and has set up a dedicated securities account for the repurchase [8]. - The cancellation of the shares is expected to be completed by July 11, 2025, following the necessary transfer procedures [8][11]. - The company will ensure compliance with information disclosure requirements following the completion of the stock cancellation [11].