SRBC(SH:600039) Xin Lang Cai Jing·2025-08-25 11:02Group 1 - The company, Sichuan Road and Bridge Construction Group Co., Ltd., is proceeding with the repurchase and cancellation of 14,448,840 restricted stocks due to certain performance conditions not being met for the incentive plan [2][3] - The repurchase involves 369 incentive targets, and after the cancellation, there will be 2,310,000 restricted stocks remaining under the 2021 incentive plan [3] - The legal opinion issued by Beijing Kangda (Chengdu) Law Firm confirms that the necessary legal procedures have been followed for this repurchase and cancellation [1][3] Group 2 - The company held its eighth board meeting and the 44th supervisory board meeting on June 27, 2025, where the repurchase and cancellation proposal was approved [2] - The repurchase includes 105,840 shares for six incentive targets who could not fully lift the restrictions during the second lifting period, and 14,343,000 shares for those not meeting performance criteria in the third lifting period [2][3] - The company has opened a dedicated securities account for the repurchase and has applied for the necessary procedures to complete the cancellation by August 28, 2025 [3]