MGI(SH:688114) Zheng Quan Zhi Xing·2025-07-08 16:19Core Viewpoint - Shenzhen BGI Tech Co., Ltd. announced the cancellation of unvested restricted stock due to unmet performance criteria and employee departures, affecting a total of 3.3715 million shares [1][4][5]. Group 1: Stock Incentive Plan - The company held meetings to review and approve the proposal to cancel unvested restricted stock as part of the 2024 stock incentive plan [1][3]. - The first vesting period of the 2024 stock incentive plan did not meet the company's performance assessment requirements, leading to the cancellation of 318,350 shares for 303 eligible participants [4][5]. - A total of 337,150 shares were canceled due to both performance criteria not being met and 13 participants having left the company [4][5]. Group 2: Compliance and Approval Process - The board and supervisory committee confirmed that the cancellation of unvested restricted stock complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [5][6]. - Legal opinions were obtained confirming adherence to the stock incentive management regulations and disclosure obligations [5][6]. Group 3: Financial Impact - The cancellation of the unvested restricted stock is not expected to have a significant impact on the company's financial status or operational results [4][5].