SMHC(SH:600131) Zheng Quan Zhi Xing·2025-08-27 09:20Core Viewpoint - The company announced the repurchase and cancellation of unvested restricted stock from its 2021 equity incentive plan, adjusting the repurchase price in the process [1][4][6]. Group 1: Decision Process and Disclosure - The board of directors and the supervisory board have approved the repurchase of unvested restricted stock through multiple meetings, ensuring compliance with legal and regulatory requirements [2][4][8]. - The company has publicly disclosed the names and positions of the intended recipients of the equity incentive plan, with no objections received during the public notice period [2][3]. Group 2: Repurchase Details - The repurchase is due to the failure to meet performance targets outlined in the equity incentive plan, affecting 140 individuals and corresponding to 25% of the total granted restricted stock [5][8]. - The total number of restricted stocks to be repurchased is 1,369,375 shares, which represents 18.82% of the total granted shares and 0.11% of the company's total share capital [6][8]. Group 3: Financial Impact and Future Arrangements - The repurchase will be funded through the company's own funds, amounting to a total of 11.8748 million yuan [6]. - Post-repurchase, the company's total share capital will decrease from 1,199,724,419 shares to 1,198,355,044 shares, with a reduction in restricted shares from 3,819,270 to 2,449,895 [6][8]. - The company will comply with relevant regulations for the cancellation process and will fulfill its information disclosure obligations [6][9].