Carthane(SH:603037) Zheng Quan Zhi Xing·2025-09-05 16:13Core Viewpoint - The company has announced adjustments to its 2024 stock option and restricted stock incentive plan, including the cancellation of certain stock options and the repurchase of restricted stocks due to unmet performance targets. Group 1: Stock Option and Restricted Stock Adjustments - The company will cancel a total of 2.36768 million stock options and repurchase 517,440 restricted shares [1][12] - The repurchase price for the restricted shares is set at 4.81 yuan per share [1][12] - The number of stock options granted under the 2024 plan has been adjusted from 3.892 million to 5.4488 million, with the exercise price reduced from 14.52 yuan to 10.12 yuan [4][7] Group 2: Performance Targets and Cancellations - Cancellations of stock options are due to three incentive participants resigning, resulting in the cancellation of 313,600 stock options [10][11] - The company did not meet the performance targets for the first exercise period, leading to the cancellation of 2.05408 million stock options for 34 participants [11] - The total number of canceled stock options represents 43.45% of the total granted options for the 2024 plan and 0.88% of the company's total share capital [11] Group 3: Repurchase of Restricted Stocks - The repurchase of restricted stocks is also due to unmet performance targets, with 51,744 shares being repurchased from two participants [12] - The repurchased restricted stocks account for 40% of the total granted restricted shares under the 2024 plan and 0.19% of the company's total share capital [12] - The repurchase will be funded entirely from the company's own funds [12] Group 4: Impact and Future Actions - The cancellation of stock options and repurchase of restricted stocks is not expected to materially affect the company's financial status or operational results [13] - The company will proceed with necessary procedures for stock option cancellation and capital changes as authorized by the 2023 annual general meeting [13][14] - Legal opinions confirm that the repurchase and cancellation actions comply with relevant regulations and require timely disclosure [14]