CNANO(SH:688116) Zheng Quan Zhi Xing·2025-08-29 10:24Core Viewpoint - Jiangsu Tiannai Technology Co., Ltd. has announced the cancellation of 30,592 shares of unvested restricted stock as part of its 2022 Restricted Stock Incentive Plan, which will not materially affect the company's financial status or operational results [1][9]. Summary by Sections Company Stock Incentive Plan - The company held its second board meeting on June 24, 2022, where it approved the 2022 Restricted Stock Incentive Plan and related management measures [2]. - The company’s supervisory board also approved the plan and the list of initial grant recipients [3]. - The plan was publicly disclosed on June 25, 2022, and no objections were raised during the internal announcement period [4]. Adjustments and Approvals - On July 15, 2022, the company’s first extraordinary general meeting approved the incentive plan, granting the board authority to determine the grant date and manage related matters [5]. - The board and supervisory board meetings on July 16, 2022, confirmed the first grant of restricted stock to the incentive recipients [6]. - On July 13, 2023, the board approved adjustments to the grant price and the total number of unvested restricted stocks [7]. Cancellation of Restricted Stocks - The board meeting on August 29, 2023, approved the cancellation of certain restricted stocks that did not meet vesting conditions [8]. - The total number of restricted stocks canceled amounts to 30,592 shares due to various reasons, including non-vesting conditions [9]. Impact and Legal Opinions - The cancellation of restricted stocks is not expected to impact the company's financial condition or management stability [9]. - The board's compensation and assessment committee confirmed that the cancellation complies with relevant laws and regulations [10].