Kinwong(SH:603228) Xin Lang Zheng Quan·2025-09-10 11:45Core Points - The company has initiated a stock option and restricted stock incentive plan for 2024, which has attracted market attention due to recent actions regarding the repurchase and cancellation of certain restricted stocks [1][2]. Group 1: Incentive Plan Progress - On April 19, 2024, the company held its 18th board meeting to approve the draft of the 2024 stock option and restricted stock incentive plan [2]. - The plan was publicly announced to the initial grant recipients between April 23 and May 3, 2024, and was approved at the annual shareholders' meeting on May 20, 2024 [2]. Group 2: Approval and Authorization of Repurchase - On May 26, 2025, the company approved the repurchase and cancellation of stock options during its 29th board meeting [3]. - The company notified creditors about the repurchase on May 27, 2025, and did not receive any requests within the 45-day period [3]. - The repurchase involves 177,648 shares due to certain incentive recipients leaving the company or not meeting performance criteria, leaving 9,061,640 shares remaining in the 2024 incentive plan [3]. Group 3: Implementation Progress of Repurchase - The company has opened a dedicated securities account for the repurchase and submitted the cancellation application, with an expected cancellation date of September 15, 2025 [4]. - The repurchase is seen as an adjustment to the incentive plan, and its impact on the company's equity structure and incentive effectiveness will be of ongoing interest to investors [4].