YONGTAI TECH.(SZ:002326) Zheng Quan Zhi Xing·2025-07-31 16:38Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms that Zhejiang Yongtai Technology Co., Ltd. has fulfilled the necessary procedures for the first unlock period of its 2024 restricted stock incentive plan and the repurchase and cancellation of certain restricted stocks [1][4][14]. Group 1: Approval and Authorization - The incentive plan has undergone the required procedures, including reviews and approvals from the board of directors and the supervisory board [4][6]. - The independent directors have verified that the incentive plan is beneficial for the company's sustainable development and does not harm the interests of the company and its shareholders [4][6]. Group 2: Unlocking of Restricted Stocks - The first unlock period for the restricted stocks began on July 29, 2024, and the conditions for unlocking have been met [6][10]. - The unlocking conditions include the company not having any negative audit opinions and the performance targets being achieved [7][10]. - The company achieved an operating income of approximately 4.59 billion yuan, resulting in an unlocking ratio of 96.68%, allowing 298 incentive objects to unlock a total of 4,454,841 shares, which is 0.48% of the total share capital [10][13]. Group 3: Repurchase and Cancellation of Restricted Stocks - The company plans to repurchase and cancel 273,159 shares of restricted stocks due to unmet performance targets and the disqualification of four incentive objects [11][14]. - The repurchase price is set at 4.30 yuan per share, consistent with the grant price, and the total funds for the repurchase amount to approximately 1.17 million yuan [14]. - The repurchased shares represent 2.35% of the total restricted stocks granted under the incentive plan and 0.03% of the company's total share capital [14].