Ninestar(SZ:002180) Zheng Quan Shi Bao·2025-08-12 17:38Core Viewpoint - The company has completed the repurchase and cancellation of 1,110,416 restricted shares due to the failure to meet performance targets and the departure of certain incentive recipients, which represents 0.078% of the total share capital before cancellation [2][12][17]. Group 1: Repurchase Details - The repurchase involved 446 incentive recipients, with a total repurchase amount of 27,506,981.60 yuan sourced from the company's own funds [2][19]. - After the repurchase, the total number of shares will be adjusted from 1,422,989,339 to 1,421,878,923 [4][20]. - The repurchased shares were part of the 2022 restricted stock incentive plan, which was not fulfilled due to unmet performance criteria [17][21]. Group 2: Performance and Compliance - The company did not meet the performance target for the 2024 fiscal year, with a reported net profit growth rate of -35.59% compared to 2021, leading to the cancellation of shares for 432 incentive recipients [16][17]. - The repurchase and cancellation of shares were conducted in accordance with the company's incentive plan regulations, which stipulate that unfulfilled performance conditions result in the cancellation of unvested shares [14][16]. Group 3: Legal and Procedural Aspects - The repurchase and cancellation procedures have been completed and registered with the China Securities Depository and Clearing Corporation [3][20]. - Legal opinions regarding the repurchase and cancellation were provided by Beijing Jindu (Guangzhou) Law Firm, ensuring compliance with relevant regulations [6][11].