Ding Sheng New Material(SH:603876) Shang Hai Zheng Quan Bao·2025-08-06 18:55Core Viewpoint - Jiangsu Dingsheng New Energy Materials Co., Ltd. announced the repurchase and cancellation of 1.6902 million restricted stocks due to reasons including employee departures, changes in job positions, and failure to meet performance targets [1][5]. Summary by Sections 1. Reasons for Repurchase and Cancellation - The company decided to repurchase and cancel restricted stocks due to: - Employee departures resulting in 58,860 shares being repurchased [3]. - Changes in job positions leading to the repurchase of 21,600 shares [4]. - Failure to meet the performance target of a net profit of no less than 1.2 billion yuan for 2024, resulting in the repurchase of 1.60974 million shares [4][5]. 2. Repurchase Price and Funding Source - The repurchase price for shares due to employee departures is set at 9.38 yuan per share for the first grant and 9.19 yuan for the reserved grant [6]. - The repurchase price for shares due to job changes is the same as above, plus interest from bank deposits [7]. - The repurchase price for shares due to performance failure is also the same as above, plus interest from bank deposits [8]. - All funds for the repurchase will come from the company's own funds [8]. 3. Repurchase and Cancellation Arrangement - The company has opened a dedicated securities account for the repurchase and has applied for the cancellation procedures [9]. - The cancellation of the restricted stocks is expected to be completed by August 11, 2025 [9]. 4. Changes in Share Capital Structure - Following the cancellation, the company's total share capital will decrease from 930,957,413 shares to 929,267,213 shares [10]. 5. Compliance and Commitments - The company assures that the decision-making process and information disclosure comply with relevant laws and regulations [11]. - The company commits to bearing legal responsibilities for any disputes arising from the repurchase and cancellation of restricted stocks [11].