SIFANG(SH:601126) Zheng Quan Zhi Xing·2025-08-29 10:24Core Viewpoint - The report discusses the implementation of the "Qihang No. 2 Restricted Stock Incentive Plan" by Beijing Sifang Automation Co., Ltd., including the repurchase and cancellation of certain restricted stocks and the adjustment of repurchase prices [1][12]. Summary by Sections Incentive Plan Overview - The incentive plan involves granting restricted stocks to eligible employees, which have a lock-up period and can only be traded after certain conditions are met [1]. - The plan is governed by relevant laws and regulations, including the Company Law and Securities Law [1][3]. Approval Process - The necessary approval procedures for the incentive plan have been completed, including board meetings and shareholder meetings held on specific dates in September and October 2023 [4][7][9]. - The plan was publicly announced, and no objections were raised during the internal publicity period [7]. Stock Repurchase and Cancellation - The company plans to repurchase and cancel a total of 59,500 shares of restricted stock due to the departure of two incentive plan participants [12]. - The repurchase price has been adjusted to 6.27 RMB per share following a cash dividend distribution of 0.72 RMB per share [13]. Compliance and Conclusion - The independent financial advisor confirms that all necessary approvals for the stock repurchase and cancellation have been obtained, and the actions comply with relevant laws and regulations [12]. - The company will disclose information regarding the repurchase and cancellation in accordance with regulatory requirements [12].