HTDC(SH:601188) Zheng Quan Zhi Xing·2025-08-08 16:23Core Viewpoint - Heilongjiang Transportation Development Co., Ltd. has decided to terminate its 2021 restricted stock incentive plan and cancel the repurchased shares intended for this plan due to market environment changes and difficulties in achieving the original performance targets [7][8]. Group 1: Termination and Cancellation Details - The company has obtained necessary approvals and authorizations for the termination and cancellation of the incentive plan, which includes the cancellation of 10,408,656 shares that were repurchased for the plan [7][9]. - The termination of the incentive plan was approved during the board meetings held on October 27, 2021, and August 8, 2025, where relevant proposals were passed [6][7]. - The cancellation of shares is in compliance with the relevant laws and regulations, and the company will continue to fulfill its disclosure obligations [9]. Group 2: Reasons for Termination - The decision to terminate the incentive plan is influenced by changes in market conditions and adjustments in the company's industrial structure, making it difficult to meet the original performance assessment criteria [8]. - The company is required to cancel the repurchased shares within three years as per regulations, which necessitates the cancellation of the shares used for the incentive plan [8]. Group 3: Impact on the Company - The termination of the incentive plan is not expected to have a negative impact on the company's financial status or the interests of shareholders, as the plan had not yet been implemented [8]. - The company's operational activities, financial condition, and future development are not anticipated to be significantly affected by this termination and share cancellation [8].