CBGF(SZ:002478) Zheng Quan Zhi Xing·2025-08-21 11:18Core Viewpoint - Jiangsu Changbao Steel Pipe Co., Ltd. has announced the repurchase and cancellation of 180,000 shares of restricted stock from its 2023 incentive plan due to the departure of two incentive targets, which is 1.58% of the total granted shares [1][7]. Summary by Sections Decision Process and Disclosure - The company held multiple board and supervisory meetings to approve the 2023 restricted stock incentive plan and its related management measures [2][3]. - The names and positions of the incentive targets were publicly disclosed without any objections during the internal announcement period [2]. - The first temporary shareholders' meeting in 2023 approved the incentive plan and authorized the board to handle related matters [3]. Repurchase Price Adjustment - The repurchase price for the restricted stock was adjusted to 3.31 RMB per share after accounting for a cash dividend of 0.22 RMB per share [6][7]. - The total estimated amount for the repurchase is 595,800 RMB, funded entirely by the company's own resources [7]. Reasons for Repurchase and Stock Structure Changes - The repurchase is due to the departure of two incentive targets who no longer meet the criteria set in the incentive plan [7]. - Following the repurchase, the total share capital will decrease from 900,986,228 shares to 900,806,228 shares, with a slight change in the proportion of restricted shares [8]. Impact on Company Operations - The adjustments in repurchase price and cancellation of restricted stock are not expected to materially affect the company's operational performance or management diligence [9]. - The supervisory board and the remuneration and assessment committee have both approved the legality and compliance of the repurchase and price adjustment procedures [9][10].