BSCTECH(SZ:300951) Zheng Quan Zhi Xing·2025-08-05 16:33Core Viewpoint - The company has completed the repurchase and cancellation of a portion of restricted stocks as part of its 2022 stock option and restricted stock incentive plan, affecting 27 individuals and totaling 364,000 shares, which is 0.21% of the total share capital before the cancellation [1][16]. Summary by Sections Announcement of Repurchase and Cancellation - The repurchase and cancellation of 364,000 restricted shares has been completed, reducing the total share capital accordingly [1][16]. Approval Procedures for the Incentive Plan - The company held board meetings and obtained necessary approvals for the 2022 stock option and restricted stock incentive plan, including independent opinions from directors and legal opinions from a law firm [2][4][6]. Details of the Repurchase - The repurchase was necessitated by the failure of the incentive plan's performance criteria, with a cumulative net profit growth rate of 227.96% from 2022 to 2024 not meeting the required thresholds [14]. - The repurchase price for the restricted stocks was adjusted from 23.35 CNY to 22.105 CNY per share [6][12]. Impact on Share Capital Structure - Following the cancellation, the total share capital decreased from 169,504,546 shares to 169,140,546 shares, with specific changes in the categories of restricted and unrestricted shares [16]. Financial and Operational Impact - The repurchase and cancellation of shares are not expected to have a significant impact on the company's financial status or operational performance, and the management will continue to fulfill its responsibilities diligently [16].