TES(SZ:003019) Zheng Quan Zhi Xing·2025-08-14 13:18Core Viewpoint - The company has completed the repurchase and cancellation of 316,890 restricted shares from its 2024 incentive plan, which accounts for 0.18% of the total share capital, following the departure of certain incentive recipients [1][2][12]. Summary by Sections Announcement of Repurchase and Cancellation - The total number of restricted shares repurchased and canceled is 316,890, which represents 0.18% of the company's total share capital before the repurchase [1][11]. - The repurchase was confirmed by the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch [1][3]. Background of the Incentive Plan - The board of directors approved the repurchase of restricted shares due to the departure of 8 incentive recipients who no longer qualify for the incentive program [2][10]. - The performance evaluations of remaining incentive recipients resulted in varying release ratios for their shares, with 3 recipients rated as "Excellent" (B) and 2 as "Competent" (C) [2][11]. Details of the Repurchase - The repurchase price for the restricted shares is set at 7.66 RMB per share, totaling approximately 2,427,377.40 RMB, funded by the company's own resources [11][12]. - The repurchase process has been verified by an accounting firm, and the funds have been returned to the relevant shareholders [11][12]. Changes in Share Capital Structure - Following the repurchase, the company's total share capital decreased from 176,643,770 shares to 176,326,880 shares [1][12]. - The structure of the share capital before and after the repurchase is detailed, showing a reduction in restricted shares and an increase in unrestricted shares [12]. Impact on the Company - The repurchase of restricted shares does not affect the ongoing implementation of the incentive plan and is not expected to have a significant impact on the company's financial performance or management stability [12][13].