Yanmade(SH:688312) Zheng Quan Zhi Xing·2025-08-29 17:01Core Viewpoint - Shenzhen Oat Technology Co., Ltd. has announced the cancellation of part of the unvested restricted stock from the 2022 incentive plan due to the departure of certain incentive targets, resulting in a total of 206,800 shares being invalidated [1][4][5]. Group 1: Decision Process and Disclosure - The board of directors approved the proposal to cancel part of the unvested restricted stock at the second meeting of the fourth board on August 28, 2025 [1]. - The independent directors provided opinions on whether the 2022 restricted stock incentive plan would benefit the company's sustainable development and whether it would harm the interests of the company and all shareholders [1][2]. - The supervisory board verified the relevant matters of the incentive plan and issued related verification opinions [1][2]. Group 2: Specifics of the Canceled Restricted Stock - The cancellation was based on the regulations of the "Management Measures for Equity Incentives of Listed Companies" and the company's incentive plan, as 12 incentive targets had left the company, disqualifying them from the incentive program [4][5]. - The number of incentive targets for the 2022 plan was adjusted from 45 to 33, with 196,000 shares being canceled [4][5]. Group 3: Impact on the Company - The cancellation of the restricted stock will not have a significant impact on the company's operational situation, nor will it affect the stability of the technical and management teams [5]. - The board's remuneration and assessment committee believes that the cancellation aligns with relevant laws and regulations and does not harm the interests of the company and its shareholders [5][6]. Group 4: Legal Opinions - Guangdong Xinda Law Firm concluded that the adjustments and cancellations related to the 2022 incentive plan have received the necessary approvals and authorizations, and the conditions for vesting have been met [6][7].