Niutech(SH:688309) Zheng Quan Zhi Xing·2025-08-26 10:24Core Viewpoint - The company announced the cancellation of a portion of unvested restricted stock awards due to certain incentive targets not being met and the departure of some incentive recipients [1][3]. Group 1: Decision and Disclosure - The company held its fourth board meeting and third supervisory board meeting on August 26, 2025, where it approved the proposal to cancel unvested restricted stock awards [1]. - The decision followed the review of the 2024 Restricted Stock Incentive Plan and related proposals, which were also approved by the supervisory board [1][2]. Group 2: Details of Canceled Stock - A total of 644,464 shares of restricted stock were canceled, primarily due to three incentive recipients no longer meeting the eligibility criteria [3]. - The cancellation was also influenced by the company's failure to meet the performance targets set for the first vesting period, resulting in a 50% non-vesting rate for the corresponding shares [3]. Group 3: Impact on the Company - The cancellation of the restricted stock will not have a significant impact on the company's financial status or operational results, nor will it affect the stability of the management team [3]. - The stock incentive plan will continue to be implemented despite the cancellation of these shares [3]. Group 4: Supervisory Board and Legal Opinions - The supervisory board agreed that the cancellation of the restricted stock aligns with relevant laws and regulations, and does not harm shareholder interests [4]. - Legal counsel confirmed that the necessary approvals for the cancellation have been obtained and that the reasons and quantities for the cancellation comply with applicable regulations [5].