BROADV(SH:688004) Zheng Quan Zhi Xing·2025-08-21 11:18Core Viewpoint - The company announced the cancellation of 574,575 restricted stocks that were granted but not vested under the 2023 restricted stock incentive plan due to certain conditions not being met [5][6][7]. Group 1: Decision Process and Disclosure - The company held board and supervisory meetings to review and approve the relevant proposals regarding the 2023 restricted stock incentive plan [1][2]. - Independent directors provided independent opinions on the incentive plan, confirming the legitimacy of the granted stocks [3][5]. Group 2: Cancellation Details - A total of 91,650 shares were canceled due to three initial grantees leaving the company, which disqualified them from the incentive plan [5]. - Additionally, 482,925 shares were canceled because the company's 2024 revenue did not meet the performance assessment criteria set in the incentive plan [6]. Group 3: Impact on the Company - The cancellation of these restricted stocks is not expected to have a substantial impact on the company's financial status or operational results [6][7]. - The management team remains committed to fulfilling their responsibilities and creating value for shareholders [6]. Group 4: Committee Opinions - The Compensation and Assessment Committee and the Supervisory Committee both agreed that the cancellation of the unvested restricted stocks complies with relevant laws and regulations, and does not harm the interests of shareholders [7]. Group 5: Legal Opinion - The legal opinion concluded that the company has obtained the necessary approvals for the cancellation and that the action aligns with applicable laws and the provisions of the incentive plan [7].