APALT(SZ:002540) Zheng Quan Zhi Xing·2025-07-21 16:33Core Viewpoint - The company has completed the repurchase and cancellation of 3.57 million restricted stocks as part of its first stock option and restricted stock incentive plan, which represents 0.285% of the total share capital before the repurchase [1][7]. Summary by Sections Incentive Plan and Approval Process - The company held board and supervisory meetings on September 26, 2023, to approve the incentive plan and related management measures [1]. - A public notice regarding the incentive objects was conducted from September 28 to October 7, 2023, with no objections received [1]. - The third extraordinary general meeting of shareholders on October 16, 2023, approved the incentive plan and authorized the board to handle related matters [1]. Repurchase and Cancellation of Restricted Stocks - The repurchase of 3.57 million restricted stocks was due to the failure to meet performance targets set for the second release period of the incentive plan [5][8]. - The repurchase price was set at 2.235 yuan per share, adjusted for any dividends received by the incentive objects [6][8]. - The total repurchase amount was 7,978,952.14 yuan [1]. Impact on Share Capital - Following the repurchase, the company's total share capital decreased from 1,251,700,032 shares to 1,248,413,917 shares [7]. - The structure of share capital was detailed, showing a slight decrease in restricted shares and an increase in unrestricted shares [7]. Adjustment of Convertible Bond Conversion Price - The conversion price of the company's convertible bonds was adjusted from 5.38 yuan per share to 5.39 yuan per share due to the repurchase of restricted stocks [8]. - The adjustment will take effect on July 22, 2025 [8].