Luxi Chemical(SZ:000830) Zheng Quan Zhi Xing·2025-08-26 12:16Core Viewpoint - The company has completed the repurchase and cancellation of a portion of restricted stock under its 2021 incentive plan due to the failure to meet the conditions for the third release period [2][3][14]. Summary by Sections Announcement of Repurchase - The company announced the repurchase and cancellation of 155,720 shares of restricted stock, which accounts for 0.31% of the total share capital, involving 325 individuals [1][2]. Reasons for Repurchase - The repurchase was triggered by five initial grantees who violated the incentive plan's conditions, leading to the cancellation of 155,720 shares that had not yet been released from restrictions [2][14]. Performance Assessment - According to a special audit report, the performance targets for the third release period were not met, resulting in the cancellation of 470,764 shares from 245 grantees and 99,008 shares from 75 reserved grantees, totaling 585,344 shares [3][16]. Repurchase Price - The repurchase price for the shares was set at 6.36 CNY per share for the initial grantees and 6.87 CNY per share for the reserved grantees, plus interest from bank deposits [16][17]. Financial Impact - The total funds used for the repurchase amounted to approximately 37.78 million CNY, sourced from the company's own funds [17][18]. Changes in Share Capital - Following the repurchase, the total number of shares decreased from 1,910,172,451 to 1,904,319,011 [18][19]. Compliance and Governance - The repurchase and cancellation process adhered to relevant laws and regulations, ensuring no harm to the interests of the company or its shareholders, particularly minority shareholders [20].