SANYUAN(SH:600429) Zheng Quan Zhi Xing·2025-08-21 16:36Core Viewpoint - The company plans to repurchase and cancel a total of 7.086978 million restricted shares due to unmet performance targets and changes in the status of certain incentive recipients [1][8][10] Group 1: Repurchase Details - The number of restricted shares to be repurchased is 7.086978 million [1] - The repurchase price for some shares is determined by the lower of the adjusted grant price of 2.941 yuan per share or the market price [1][8] - The repurchase involves 167 incentive recipients, with 580.9317 million shares linked to unmet performance targets, and additional shares from 11 recipients due to retirement or job changes, totaling 72.3331 million shares, and 12 recipients due to resignation, totaling 55.4330 million shares [2][8][9] Group 2: Performance and Compliance - The second unlock period's performance assessment targets were not fully met, leading to the proposed repurchase [2][9] - The repurchase is in accordance with the company's stock incentive plan and relevant regulations [10][12] - The company will use its own funds for the repurchase [9] Group 3: Impact on Share Capital - After the repurchase, the total share capital will decrease from 1,509,176,043 shares to 1,502,089,065 shares [10] - The repurchased shares represent approximately 0.47% of the company's current total share capital [8] Group 4: Legal and Regulatory Compliance - The company has obtained necessary approvals and authorizations for the repurchase and cancellation of shares [12] - The legal opinion confirms that the repurchase aligns with the management regulations and the stock incentive plan [12]