Zheng Quan Zhi Xing·2025-08-21 16:58Core Viewpoint - The company announced the cancellation of unvested restricted stock from its 2021, 2022, and 2023 A-share incentive plans due to the departure of certain incentive recipients and unmet performance targets [1][2]. Summary by Sections 1. Cancellation of Restricted Stocks - The company decided to cancel a total of 634,880 shares from the 2021, 2022, and 2023 A-share incentive plans due to the following reasons: - 42,189 shares from the 2021 plan due to one recipient's departure [2] - 44,104 shares from the 2022 plan due to ten recipients' departures [2] - 634,880 shares from the 2023 plan, which includes: - 179,553 shares due to ten recipients' departures - 455,327 shares due to unmet performance targets for the second vesting period [2][4] 2. Impact on the Company - The cancellation of these restricted stocks is not expected to have a material impact on the company's financial condition or operational results [2] - The stability of the core team is also not anticipated to be affected, and the incentive plans will continue to be implemented as planned [2] 3. Supervisory Board Opinion - The supervisory board reviewed the situation and agreed with the cancellation based on the reasons provided, confirming that the actions comply with relevant laws and regulations [3][4] 4. Legal Opinion - A legal opinion confirmed that the necessary authorizations and approvals for the cancellation have been obtained, and the actions are in accordance with applicable laws and the incentive plans [4]