Core Viewpoint - The company will repurchase and cancel a total of 14,448,840 restricted stocks due to certain conditions not being met by the incentive recipients as per the 2021 Restricted Stock Incentive Plan [1][3]. Summary by Sections Repurchase and Cancellation Reasons - The repurchase is based on the failure of six incentive recipients to meet the conditions for lifting restrictions during the second release period, resulting in the cancellation of 105,840 restricted stocks. Additionally, due to unmet performance targets, 14,343,000 restricted stocks from the third release period will also be canceled [1][3]. Details of the Repurchase - The decision for the repurchase was approved in the 57th meeting of the 8th Board of Directors and the 44th meeting of the 8th Supervisory Board on June 27, 2025. The total number of restricted stocks to be repurchased is 14,448,840, involving 369 incentive recipients [2][3]. Repurchase Arrangement - The company has opened a dedicated securities account for the repurchase and has applied for the cancellation procedures for the 14,448,840 restricted stocks. The cancellation is expected to be completed by August 28, 2025 [3]. Changes in Share Structure - After the completion of the repurchase, the total number of remaining restricted stocks under the 2021 Incentive Plan will be 2,310,000 [3]. Legal Compliance - The repurchase has followed all necessary legal procedures and complies with relevant laws and regulations. The company has committed to fulfilling its information disclosure obligations and will handle the cancellation and capital reduction registration as required by law [4].
四川路桥建设集团股份有限公司关于股权激励限制性股票回购注销实施公告