Shennong Group(SH:605296) Xin Lang Cai Jing·2025-08-25 10:01Core Viewpoint - Yunnan Shennong Agricultural Industry Group Co., Ltd. is proceeding with the repurchase and cancellation of certain restricted stock options as part of its 2022 incentive plan, following necessary approvals and legal opinions [1][2]. Summary by Relevant Sections Authorization and Approval - The repurchase and cancellation of restricted stocks have received the necessary authorizations through multiple board meetings and shareholder meetings from April 2022 to July 2025 [2]. Reasons for Repurchase and Cancellation - The reasons for the repurchase include: - Personnel changes: 8 individuals lost eligibility due to resignation, involving 37,050 shares; 23 individuals also resigned, involving 51,500 shares; and 1 individual passed away, involving 1,500 shares [3]. - Performance issues: 48 individuals did not meet performance standards, involving 136,344 shares; 57 individuals from the reserved grant also did not meet standards, involving 48,200 shares [3]. Total Shares and Financial Details - A total of 274,594 shares will be repurchased and canceled, which includes: - 173,394 shares from the initial grant, representing 4.3275% of the total initial grant and 0.0330% of the total share capital before cancellation. - 101,200 shares from the reserved grant, representing 10.8467% of the total reserved grant and 0.0193% of the total share capital before cancellation [4]. - The repurchase price is set at 13.72 yuan per share, totaling approximately 3.7674 million yuan, funded entirely from the company's own resources [4]. - After the repurchase, there will be no remaining restricted stocks under the incentive plan [4].