Shang Hai Zheng Quan Bao·2025-08-12 19:50Group 1 - The company is repurchasing and canceling 782,867 shares of restricted stock due to 24 incentive recipients either having their labor contracts terminated or not meeting performance assessments [2][4][5] - The repurchase includes 585,123 shares from the initial grant at a price of 5.32 yuan per share and 197,744 reserved shares at a price of 6.19 yuan per share [2][4] - The decision for the repurchase was approved in meetings held on February 14, 2025, and subsequently at the annual shareholders' meeting on May 29, 2025 [3][4] Group 2 - The company has established a dedicated securities account for the repurchase and is in the process of completing the necessary procedures, with the cancellation expected to be finalized by August 15, 2025 [6] - Following the repurchase, the remaining number of restricted stocks under the incentive plan will be adjusted to 2,998,610 shares [5][6] - The legal opinion from Beijing Haiwen Law Firm confirms that the repurchase complies with relevant laws and regulations, ensuring no harm to the rights of the incentive recipients or creditors [7]