TMT(SH:600458) Zheng Quan Zhi Xing·2025-07-16 16:27Core Viewpoint - The legal opinion letter from Hunan Qiyuan Law Firm confirms that Zhuzhou Times New Materials Technology Co., Ltd. has obtained the necessary approvals and authorizations for the repurchase and cancellation of part of the restricted stock under the 2022 incentive plan, as well as the adjustment of the repurchase price, in compliance with relevant laws and regulations [1][4][13]. Group 1: Approval and Authorization - The company has completed the necessary procedures for the repurchase and cancellation of restricted stock, including approval from the board of directors and independent directors [5][6]. - The State-owned Assets Supervision and Administration Commission has given principle approval for the implementation of the restricted stock incentive plan [6][7]. Group 2: Details of Repurchase and Price Adjustment - The total number of restricted stocks to be repurchased and canceled is 426,980 shares, with reasons including employee transfers, retirements, and failure to meet performance conditions [8][9][11]. - The total repurchase amount is approximately 2,263,542.22 yuan, funded by the company's own resources [12][13]. - The repurchase price will be adjusted based on dividends distributed, ensuring it remains above the par value of the stock [12]. Group 3: Information Disclosure - The company is required to disclose relevant documents and decisions made by the board and supervisory committee in accordance with applicable laws and regulations [13].