FiberHome(SH:600498) Zheng Quan Zhi Xing·2025-08-22 10:18Core Points - The company announced the repurchase and cancellation of 633,114 restricted shares due to resignations and performance issues of certain incentive plan participants [1][4][10] - The repurchase involves 56 individuals who resigned and 17 individuals who did not meet performance criteria for unlocking their shares [6][10] - The repurchase price for the shares is set at 11.74 yuan per share, as per the company's incentive plan [9][10] Summary by Sections Restricted Stock Incentive Plan Overview - The company implemented a restricted stock incentive plan in 2021, which was approved by the State-owned Assets Supervision and Administration Commission [2][3] - The plan initially granted 56.283 million shares to 1,773 participants, with 26 participants voluntarily forfeiting their shares [3][4] Repurchase and Cancellation Details - The company will repurchase a total of 633,114 shares, which includes 59,364 shares from resigned employees and 39,474 shares from those who failed to meet performance criteria [1][6][10] - The repurchase has been approved by the company's compensation and assessment committee and the board of directors [1][10] Performance Assessment - Out of 1,642 participants, 1,569 achieved a performance score of 90 or above, while 16 scored between 80 and 90, and 1 scored between 60 and 80 [10] - The performance assessment is crucial for determining the unlocking of restricted shares [7][10] Impact on Share Structure - The repurchase will reduce the total number of restricted shares from 1,271,021,430 to 1,270,388,316 [10] - The company asserts that this repurchase will not materially affect its financial status or operational results [10] Legal Compliance - The company has obtained necessary approvals and fulfilled disclosure obligations regarding the repurchase [11] - Legal opinions confirm that the repurchase aligns with regulatory requirements and the terms of the incentive plan [11]