新澳股份拟回购注销19.35万股限制性股票，预计9月5日完成

Summary of Key Points Core Viewpoint - The recent announcement by Xin'ao Co., Ltd. regarding the repurchase and cancellation of restricted stock under its 2023 incentive plan has attracted market attention, raising questions about the reasons behind this decision and its potential impact on the company. Group 1: Reasons for Repurchase and Cancellation - The repurchase and cancellation of restricted stock is due to the failure of certain incentive recipients to meet personal performance assessments or their retirement or departure from the company without meeting the conditions for lifting restrictions. A total of 193,500 shares will be repurchased from 8 individuals [1]. - After the repurchase, the remaining restricted stock under the incentive plan will amount to 9,638,700 shares [1]. Group 2: Repurchase Arrangement - The company has opened a dedicated repurchase securities account with China Securities Depository and Clearing Corporation Limited, Shanghai Branch, and has submitted the necessary application for the repurchase and cancellation [2]. - The completion of the repurchase is expected by September 5, 2025, after which the company will proceed with the required business registration changes [2]. Group 3: Compliance with Procedures - On June 17, 2025, the company held its 20th meeting of the sixth board of directors, where it approved the proposal to adjust the repurchase price and cancel part of the restricted stock. This proposal was reviewed and approved by the Compensation and Assessment Committee [3]. - A temporary shareholders' meeting was convened on July 4, 2025, to review and approve related proposals [3]. Group 4: Information Disclosure - The company disclosed relevant resolutions and announcements on June 18 and July 5, 2025, ensuring compliance with information disclosure obligations [4]. - As of the date of the legal opinion, the disclosure period has been completed for 45 days, during which no creditors have requested early debt repayment or guarantees [4]. - The legal firm Guohao (Hangzhou) believes that the repurchase and cancellation comply with relevant laws and regulations, and the necessary procedures and information disclosures have been fulfilled [4].