JEMC(SZ:000922) Zheng Quan Zhi Xing·2025-09-04 12:12Core Viewpoint - The company has completed the repurchase and cancellation of 231,500 restricted shares due to the failure to meet the performance conditions set in the 2019 restricted stock incentive plan, which represents 0.03% of the total share capital before the repurchase [2][12]. Summary by Sections Company Meetings and Approvals - The company held the 10th Board of Directors' second meeting and the 10th Supervisory Board's second meeting on June 30, 2025, and the second extraordinary general meeting of shareholders on July 16, 2025, to approve the repurchase and cancellation of restricted shares [2]. - The shareholders agreed to repurchase and cancel the restricted shares of 21 incentive objects that had been granted but not yet released from restrictions [2][3]. Repurchase Details - The repurchase involved 231,500 shares, which were completed through the Shenzhen branch of China Securities Depository and Clearing Co., Ltd. [2][12]. - The adjusted repurchase price for the restricted shares was set at 2.85 yuan per share, following adjustments for capital reserve transfers and cash dividends [10][11]. Financial Impact - The total funds required for the repurchase amounted to 659,775 yuan, sourced entirely from the company's own funds [11]. - Following the repurchase, the company's registered capital decreased to 694,985,154 yuan, and the total share capital reduced from 695,216,654 shares to 694,985,154 shares [12]. Compliance and Future Outlook - The repurchase and cancellation of the restricted shares comply with relevant laws, regulations, and the company's internal policies, and it is not expected to have a significant impact on the company's operational performance or management team's diligence [12].