SHREG(SZ:000803) Zheng Quan Zhi Xing·2025-09-03 13:07Summary of Key Points Core Viewpoint - The company has completed the repurchase and cancellation of 4,692,156 restricted shares, which accounts for 1.00% of the total share capital, due to unmet performance targets and the departure of certain incentive recipients [1][6][9]. Group 1: Repurchase and Cancellation Overview - The total amount used for the repurchase was 28,372,725.12 yuan, funded entirely by the company's own resources [1][8]. - The repurchase price for the first grant of restricted shares was adjusted from 11.02 yuan to 5.62 yuan per share, while the reserved grant price was adjusted from 8.04 yuan to 5.74 yuan per share [8]. - The repurchase involved 121 incentive recipients whose shares were not unlocked due to performance targets not being met, totaling 4,538,268 shares [6][7]. Group 2: Approval Process and Implementation - The repurchase and cancellation were approved through various meetings, including the 12th meeting of the 11th Supervisory Board and the 2024 annual shareholders' meeting [1][6]. - Legal opinions were provided by Shanghai Jintiancheng Law Firm regarding the repurchase and cancellation process [2][4][5]. Group 3: Impact on Share Capital Structure - Following the repurchase, the total share capital decreased from 470,988,309 shares to 466,296,153 shares [9]. - The structure of the company's equity distribution remains compliant with listing requirements after the cancellation of the restricted shares [9]. Group 4: Performance Impact - The repurchase and cancellation of restricted shares are not expected to have a significant impact on the company's financial condition or operational results [10].