CHIPPACKING(SH:688216) Zheng Quan Zhi Xing·2025-07-10 16:22Core Viewpoint - The company has decided to repurchase and cancel a portion of shares from its 2023 employee stock ownership plan due to unmet performance targets in revenue growth and net profit [1][2][3] Group 1: Reasons for Share Repurchase - The repurchase is based on the performance assessment of the employee stock ownership plan, where the revenue growth rate met the trigger value but did not reach the target value, and the net profit did not meet the trigger value [1][2] - The first unlock period of the employee stock ownership plan resulted in a 56% unlock ratio, with a total of 924,784.48 equity shares not being unlocked, corresponding to 67,355 shares of stock [2][3] Group 2: Repurchase and Cancellation Details - The board of directors approved the repurchase and cancellation of shares on April 24, 2025, and the details were disclosed on April 26, 2025 [1][2] - The repurchase price will include the original investment amount plus interest from the People's Bank of China [3] - The company has opened a dedicated securities account for the repurchase and expects the cancellation to be completed by July 15, 2025 [3] Group 3: Impact on Share Capital Structure - Following the repurchase and cancellation, the total share capital will decrease from 107,108,500 shares to 107,041,145 shares [3][4] - The structure of the share capital will remain compliant with listing conditions, and the repurchase will not affect the implementation of the employee stock ownership plan or the company's financial status and operational performance [4]