TFE(SH:600237) Zheng Quan Zhi Xing·2025-08-22 10:18Core Viewpoint - The report discusses the repurchase and cancellation of a portion of restricted stock by Anhui Tongfeng Electronics Co., Ltd. as part of its 2023 restricted stock incentive plan, highlighting the compliance with relevant regulations and the absence of harm to shareholders' interests [5][10]. Summary by Sections Incentive Plan Overview - The incentive plan involves granting restricted stocks to certain employees, including directors and senior management, based on predetermined conditions [1]. - The plan aims to align the interests of the employees with those of the shareholders and promote the company's long-term development [5]. Approval and Authorization - The incentive plan has received necessary approvals from the board of directors and the supervisory board, ensuring compliance with the company's regulations and relevant laws [5][10]. - The plan was authorized to determine the grant date and manage the necessary procedures for granting restricted stocks [6]. Repurchase and Cancellation Details - The company plans to repurchase and cancel 0.50 million shares of restricted stock due to one incentive recipient's departure, which constitutes 0.001% of the total share capital before the repurchase [8]. - The repurchase price is set at 3.91 yuan per share, which is lower than the market price on the day prior to the board's decision [8]. - The total amount for the repurchase is 19,550 yuan, funded entirely from the company's own resources [8]. Independent Financial Advisor's Opinion - The independent financial advisor confirms that the repurchase and cancellation of restricted stocks comply with the relevant regulations and do not harm the interests of the company or its shareholders [10]. - The advisor emphasizes the need for subsequent disclosures and procedures to be completed in accordance with the regulations [10].