OTIC(SZ:000962) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-02 01:08Core 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 certain incentive targets [2][8]. Group 1: 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][12]. - Following the cancellation, the company's total share capital will decrease from 504,968,262 shares to 504,864,268 shares [2][12]. - The repurchase was approved during the company's board and supervisory meetings held on April 25, 2025, and subsequently ratified by the shareholders [3][8]. Group 2: Background of the Incentive Plan - The 2022 restricted stock incentive plan was initially approved by the board on December 30, 2022, and received the necessary regulatory approvals [4][5]. - The plan included provisions for the repurchase of stocks in cases where incentive targets left the company due to uncontrollable circumstances [9][10]. Group 3: Financial Adjustments and Impact - The repurchase price was adjusted due to previous cash distributions, resulting in a final repurchase price of 4.458 yuan per share [11][12]. - The cancellation of these stocks is not expected to impact the company's operational performance or management responsibilities [14].