Highton Development(SH:603162) Zheng Quan Zhi Xing·2025-07-15 13:12Core Viewpoint - The company, Fujian Haitong Development Co., Ltd., has announced the repurchase and cancellation of a portion of restricted stocks due to the departure of certain incentive plan participants, resulting in a total of 170,360 shares being repurchased and canceled [1][2][3]. Summary by Sections Repurchase and Cancellation Reasons - The board of directors approved the repurchase and cancellation of restricted stocks and stock options due to the departure of incentive plan participants who no longer qualify [1][2]. Details of Repurchase and Cancellation - A total of 17,036 shares will be repurchased and canceled, including 10,360 shares from the 2023 incentive plan and 5,000 shares from the 2024 plan [1][2]. - For the 2023 incentive plan, 1,036 shares will be canceled due to one participant's departure, leaving 3,221,960 shares remaining [2]. - For the 2024 incentive plan, 16,000 shares will be canceled due to three participants' departures, leaving 5,162,500 shares remaining [3]. Share Capital Structure Changes - The share capital structure will change as follows: - Restricted shares before: 649,854,992; after: 649,684,632 - Unrestricted shares remain unchanged at 275,526,296 - Total shares before: 925,381,288; after: 925,210,928 [5]. Compliance and Legal Opinions - The company confirms that the repurchase and cancellation procedures comply with relevant laws and regulations, ensuring no harm to the rights of incentive participants or creditors [5][6]. - Legal opinions affirm that the actions taken are in accordance with the Company Law and Securities Law, and do not harm the interests of the company or its shareholders [6].