Shanghai Friendess(SH:688188) Shang Hai Zheng Quan Bao·2025-09-08 18:38Core Viewpoint - The company has announced the cancellation of unvested restricted stock from its 2024 incentive plan, affecting a total of 153,552 shares due to performance evaluations not being met [8][9][11]. Group 1: Incentive Plan Approval and Implementation - The company held a board meeting on August 14, 2024, to approve the draft of the 2024 restricted stock incentive plan and its management measures [31][32]. - The plan includes a total of 1,533,000 shares, with 1,230,600 shares for initial grants and 302,400 shares reserved for future grants [22][23]. - The initial grant price is set at 65.05 yuan per share, with 24 individuals designated as initial recipients [23][43]. Group 2: Cancellation of Restricted Stock - The board and supervisory committee approved the cancellation of 153,552 shares of restricted stock that were granted but not vested due to performance ratings [8][11][56]. - Among the affected individuals, 12 had a performance rating of B+ with a 90% vesting ratio, resulting in 82,790 shares being canceled, while another 12 with a B rating had 70,762 shares canceled [8][56]. - The cancellation will not significantly impact the company's operations or the continuation of the incentive plan [10]. Group 3: Monitoring and Legal Compliance - The supervisory committee confirmed that the cancellation of the restricted stock complies with relevant regulations and does not harm shareholder interests [11][47]. - Legal opinions affirm that the necessary approvals for the vesting and cancellation of restricted stock have been obtained, and the actions are in accordance with applicable laws [12][47].