YONGTAI TECH.(SZ:002326) Zheng Quan Zhi Xing·2025-07-31 16:38Core Viewpoint - Zhejiang Yongtai Technology Co., Ltd. has announced the repurchase and cancellation of 273,159 restricted stocks due to unmet performance targets in the 2024 incentive plan [1][5][9] Summary by Sections Incentive Plan Overview - The 2024 incentive plan proposed to grant a total of 12,310,000 restricted stocks to 321 individuals, which was later adjusted to 11,790,000 stocks for 305 individuals due to voluntary forfeitures [4][5] - The first unlock period's performance target for revenue was set at 4.747 billion yuan, with a trigger value of 4.541 billion yuan [5][6] Repurchase Details - The company will repurchase 153,159 stocks from 298 individuals who did not meet the performance criteria and 120,000 stocks from 4 individuals who are no longer eligible due to retirement, resignation, or death, totaling 273,159 stocks [5][6][7] - The repurchase price is set at 4.30 yuan per stock, which is the same as the grant price [6][8] Financial Impact - The total amount for the repurchase is approximately 1.175 million yuan, funded entirely by the company's own resources [6][8] - The repurchased stocks represent 2.35% of the total granted stocks and 0.03% of the company's total share capital [6][8] Corporate Governance - The remuneration and assessment committee has verified that the repurchase complies with relevant regulations and will not adversely affect the incentive plan's implementation or the interests of shareholders [9] - Legal opinions confirm that the repurchase process adheres to applicable laws and regulations [9]