Appo(SH:688007) Zheng Quan Zhi Xing·2025-08-29 14:19Core Viewpoint - The company has announced the cancellation of a portion of the unvested restricted stock granted under the 2022 incentive plan due to certain incentive objects no longer qualifying and performance assessment results not meeting the required standards [1][4][9]. Summary by Sections Incentive Plan Approval Process - The company has followed the necessary approval procedures for the 2022 restricted stock incentive plan, including independent opinions from directors and verification by the supervisory board [1][2][3]. Adjustments to Grant Price - The grant price for the restricted stock was adjusted multiple times, with the final adjustment setting the price at 15.246 yuan per share due to the completion of annual equity distribution matters [4][7]. Cancellation of Restricted Stock - A total of 75,750 shares of restricted stock were canceled due to the departure of incentive objects and the failure of their respective units to meet performance criteria [8]. Impact on Financials - The cancellation of the unvested restricted stock will not affect the company's financial status or operational results, nor will it hinder the ongoing implementation of the stock incentive plan [9]. Supervisory Board Opinion - The supervisory board has confirmed that the cancellation of the unvested restricted stock complies with legal regulations and does not harm the interests of shareholders, particularly minority shareholders [9]. Legal Opinion - The legal opinion confirms that the cancellation of the restricted stock has received the necessary approvals and is in accordance with relevant laws and regulations [9].