TWH(SZ:002512) Zheng Quan Zhi Xing·2025-08-29 16:51Core Viewpoint - The company has completed the repurchase and cancellation of restricted stocks under its 2019 stock option and restricted stock incentive plan, affecting 208 individuals and involving a total of 34,597,900 shares, which represents 3.02% of the total shares outstanding [1][6]. Summary by Sections Incentive Plan Approval and Implementation - The company has followed all necessary approval procedures for the 2019 stock option and restricted stock incentive plan, including independent opinions from directors and legal advice [1][2]. - The supervisory board confirmed that the individuals included in the incentive plan met the necessary criteria [2][3]. Stock Option and Restricted Stock Granting - The initial granting of stock options and restricted stocks occurred on December 13, 2019, with a total of 49,323,000 restricted stocks granted at a price of 2.76 CNY per share [4]. - A subsequent meeting approved the granting of additional stock options and restricted stocks on November 26, 2020, with specific prices set for the options and stocks [4]. Repurchase and Cancellation Details - The company decided to repurchase and cancel the restricted stocks due to unmet performance conditions and the departure of some incentive targets, resulting in the cancellation of 49,323,000 initial grants and 238,540 restricted stocks [5][6]. - The total repurchase amount for the restricted stocks was 95,673,036 CNY, with a total expenditure of 97,334,885.90 CNY including interest [6]. Impact on Company Structure - Following the repurchase and cancellation, the company's total share capital will decrease from 1,147,094,532 shares to 1,112,496,632 shares, with no substantial impact on the company's financial status or operational results [6][7].