HHI(SH:601226) Xin Lang Cai Jing·2025-08-22 11:22Core Viewpoint - Shanghai Huaneng Technology Co., Ltd. is repurchasing and canceling a total of 3,498,600 restricted stocks due to the retirement and job changes of certain employees, as well as unmet performance targets for the third release period [2][4]. Group 1: Reasons and Quantity of Repurchase - The company will repurchase 261,800 restricted stocks from 10 employees who have retired or changed jobs [2]. - Additionally, 3,236,800 restricted stocks will be repurchased from 146 employees due to failure to meet performance targets, with a compound annual growth rate of net profit at 0.01%, below the target of 10% [2]. Group 2: Repurchase Price and Adjustments - The adjusted repurchase price for the restricted stocks is calculated to be 2.34921 yuan per share after accounting for multiple cash dividends distributed from 2021 to 2025 [3]. - For the 10 employees whose stocks are being repurchased due to retirement or job changes, the repurchase price will be 2.34921 yuan per share plus the interest from bank deposits [3]. - For the stocks repurchased due to unmet performance targets, the repurchase price will be the lower of the grant price or the market price at the time of repurchase, set at 2.34921 yuan per share [3]. Group 3: Independent Financial Advisor Opinion - The independent financial advisor confirmed that the repurchase and cancellation of restricted stocks, along with the adjustment of repurchase prices, complied with relevant laws and regulations, and did not harm the interests of the company or its shareholders [4].