OTIC(SZ:000962) Shang Hai Zheng Quan Bao·2025-09-01 20:47Core Viewpoint - The company has completed the repurchase and cancellation of 103,994 restricted stocks, which accounts for 0.02% of the total share capital before the repurchase, due to the departure of three incentive targets [2][9]. Summary by Sections Repurchase and Cancellation Details - The repurchase price for the restricted stocks is set at 4.458 yuan per share, with a total cost of 46.36 thousand yuan, funded by the company's own resources [2][13]. - After the cancellation, the company's total share capital will decrease from 504,968,262 shares to 504,864,268 shares [2][9]. Approval Process - The company held board and supervisory meetings on April 25, 2025, to approve the repurchase and cancellation of the restricted stocks, which was subsequently ratified by the shareholders [3][8]. - The incentive plan has undergone various approvals since December 30, 2022, including receiving consent from the State-owned Assets Supervision and Administration Commission [4][5]. Reasons for Repurchase - The repurchase was necessitated by the termination of employment for two individuals due to uncontrollable job transfers and one individual leaving for personal reasons, making them ineligible for the incentive program [9][10]. Financial Adjustments - The repurchase price was adjusted due to previous equity distributions, resulting in a final repurchase price of 4.458 yuan per share [12][13]. - The company has confirmed that the repurchase will not impact its operational performance or the diligence of its management team [15].