Valiant(SZ:002643) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-08 23:58Core Viewpoint - The company has completed the repurchase and cancellation of 7,009,780 restricted stocks from 594 incentive targets as part of its 2021 incentive plan, which represents 0.7538% of the total share capital before the repurchase [2][24]. Group 1: Repurchase Details - The repurchase price was set at 8.83 CNY per share, resulting in a total repurchase amount of 61,896,357.40 CNY [2][27]. - Following the completion of the repurchase, the company's total share capital decreased from 929,969,005 shares to 922,959,225 shares [2][28]. Group 2: Incentive Plan Background - The 2021 restricted stock incentive plan was implemented to enhance employee motivation and align their interests with the company's performance [3]. - A total of 21,202,000 shares were granted to 610 incentive targets at a price of 9.78 CNY per share, with the shares listed on November 4, 2021 [3][9]. Group 3: Performance Assessment - The repurchase was triggered by the failure to meet the performance assessment targets set for the third release period of the incentive plan [22][24]. - The company’s performance assessment results did not meet the required targets, leading to the inability to lift the restrictions on the shares for the incentive targets [24]. Group 4: Shareholder Impact - The repurchase resulted in a passive increase in the shareholding percentage of the controlling shareholder, China Energy Conservation and Environmental Protection Group, from 24.9984% to 25.1883% [30]. - This change in shareholding was due to the reduction in total share capital and did not affect the number of shares held by the controlling shareholder [30]. Group 5: Compliance and Documentation - The repurchase and cancellation of shares comply with relevant regulations and will not materially impact the company's financial status or operational results [29]. - The company has completed all necessary legal and regulatory filings related to the repurchase [28].