Baosight(SH:600845) Shang Hai Zheng Quan Bao·2025-08-19 19:00Core Viewpoint - Shanghai Baoxin Software Co., Ltd. announced the repurchase and cancellation of part of its restricted stock due to unmet performance targets for 2024 and changes in the status of certain incentive recipients [1][3]. Summary by Sections Repurchase and Cancellation Reasons - The repurchase of restricted stock is due to the failure to meet the 2024 performance assessment targets, as well as the retirement and departure of some incentive recipients [1][3]. Details of the Repurchase - The company will repurchase a total of 13,025,056 shares at a price of 14.1875 yuan per share, affecting 898 incentive recipients [2][3]. - The repurchase includes 12,813,345 shares related to the unmet performance targets for the 2024 assessment year [3]. Changes in Incentive Recipients - Eight incentive recipients have retired, and several others have left the company or been reassigned, necessitating the repurchase of their unvested restricted stock [3][4]. Completion and Legal Compliance - The repurchase will be completed by August 22, 2025, and the company has initiated the necessary legal and procedural steps to ensure compliance with regulations [4][5]. - A legal opinion confirms that the repurchase complies with all relevant laws and the company's incentive plan [5].