POWER HF(SH:605100) Zheng Quan Zhi Xing·2025-08-27 09:20Core Viewpoint - The company announced the repurchase and cancellation of 402,000 restricted stocks due to the failure to meet the conditions for lifting the restrictions in the first phase of the 2024 restricted stock incentive plan [2][6][12] Summary by Sections 1. Announcement of Repurchase and Cancellation - The company plans to repurchase and cancel 402,000 shares of restricted stock granted to 31 incentive objects that did not meet the lifting conditions [2][6] - The repurchase price is set at 5.71 yuan per share plus bank interest [2][6] 2. Implementation of the Incentive Plan - The company held several meetings to approve the 2024 restricted stock incentive plan and its related management measures [3][5] - The plan was publicly announced, and no objections were raised during the public notice period [3][4] 3. Reasons for Repurchase and Cancellation - The first lifting condition required a revenue growth rate of at least 30% and a net profit growth rate of at least 16% for 2024, which were not achieved [6][12] - One incentive object left the company, leading to the cancellation of their unlifted restricted stocks [7][12] 4. Financial Impact and Stock Structure - The total repurchase amount is estimated at 2.3269 million yuan, funded by the company's own resources [10] - After the repurchase, the total share capital will decrease from 171,132,000 shares to 170,730,000 shares, with the repurchased shares accounting for 0.2349% of the total [8][11] 5. Compliance and Approval - The repurchase and price adjustment comply with relevant regulations and have been approved by the board's remuneration and assessment committee [11][12] - The legal opinion confirms that the necessary approvals have been obtained and the actions are in accordance with the management regulations [12]