GATD(SH:688239) Xin Lang Cai Jing·2025-09-03 10:59Core Viewpoint - Guizhou Hangyu Technology Development Co., Ltd. has decided to repurchase and cancel a portion of restricted stock under its 2022 second phase incentive plan due to unmet performance targets for the fiscal year 2024 [1][3]. Group 1: Repurchase Decision Process - The company held multiple board meetings and shareholder meetings starting from July 27, 2022, to discuss the incentive plan [2]. - On June 17, 2025, the company's board and supervisory committee approved the repurchase price and quantity for the restricted stock [2]. - The second extraordinary general meeting of shareholders on July 4, 2025, approved the repurchase of 1,102,686 shares from the first grant and 177,450 shares from the reserved grant, totaling 1,280,136 shares at a price of 26.38 yuan per share [2]. Group 2: Specifics of the Repurchase - The repurchase was triggered by the company's net profit of 154.75 million yuan for 2024, which did not meet the required thresholds for unlocking the restricted stock [3]. - The total amount for the repurchase is 33.77 million yuan, funded by the company's own resources [3]. - Following the repurchase, the total number of shares will decrease from 191,906,054 to 190,625,918, and the registered capital will be reduced accordingly [3].