Zheng Quan Zhi Xing·2025-08-12 11:14Core Viewpoint - The company announced the repurchase and cancellation of 782,867 A-share restricted stocks due to 24 incentive recipients failing to meet performance standards or having their labor contracts terminated [1][2]. Group 1: Repurchase and Cancellation Details - The decision to repurchase and cancel the restricted stocks was approved in meetings held on February 14, 2025, by the company's board and supervisory board [1]. - The repurchase involves 782,867 shares, including 585,123 shares from the initial grant at a price of 5.32 yuan per share and 197,744 shares from the reserved grant at a price of 6.19 yuan per share [1][2]. - The repurchase is expected to be completed by August 15, 2025 [2]. Group 2: Impact on Share Structure - Following the repurchase and cancellation, the total number of A-shares will decrease from 14,123,948,848 to 14,123,165,981, maintaining the same percentage of 80.11% [3]. - The remaining A-shares under the incentive plan will be adjusted to 2,998,610 shares after the cancellation [2][3]. Group 3: Legal Compliance and Commitments - The company confirmed that the repurchase and cancellation process complies with relevant laws and regulations, ensuring no harm to the rights of incentive recipients or creditors [5]. - A legal opinion from Beijing Haiwen Law Firm confirmed that the necessary approvals and authorizations for the repurchase have been obtained, aligning with the company's incentive plan [5].