Proya(SH:603605) Zheng Quan Zhi Xing·2025-08-18 16:17Summary of Key Points Core Viewpoint - The company announced the repurchase and cancellation of 242,424 restricted stocks due to the departure of 14 incentive recipients who no longer meet the incentive conditions as per the 2022 Restricted Stock Incentive Plan [1][2]. Group 1: Repurchase and Cancellation Details - The repurchase price for the restricted stocks was adjusted from 54.203 yuan per share to 53.013 yuan per share following the completion of the 2024 annual profit distribution [1][3]. - The decision for the repurchase and cancellation was approved during the fourth board meeting on June 26, 2025, and involves a total of 242,424 shares [1][4]. - The company has initiated the necessary procedures for the repurchase and cancellation of the stocks, which is expected to be completed by August 21, 2025 [4][5]. Group 2: Impact on Share Capital Structure - Following the cancellation, the number of restricted shares will decrease from 842,520 to 600,096, while the total share capital will reduce from 396,247,606 to 396,005,182 shares [5]. - The company has complied with legal requirements regarding the reduction of registered capital and has notified creditors as per the relevant laws [2][6]. Group 3: Legal Compliance and Commitments - The company confirmed that the repurchase and cancellation process adheres to the relevant laws and regulations, ensuring no harm to the rights of the incentive recipients or creditors [4][6]. - A legal opinion was provided confirming that the repurchase and cancellation process has met all necessary procedural requirements [6].