KINGFA(SH:600143) Shang Hai Zheng Quan Bao·2025-09-15 18:38Meeting Overview - The 18th (temporary) meeting of the 8th Board of Directors of the company was held on September 12, 2025, via communication voting, with all 11 directors present [2][3]. Board Resolutions - The Board unanimously approved the proposal regarding the achievement of the third unlock period for the initial grant of the 2022 restricted stock incentive plan, allowing 1,568 incentive objects to unlock a total of 37,600,462 shares, which represents 1.43% of the company's total share capital [3][25]. - The Board agreed to adjust the repurchase price of the restricted stock from 5.17 yuan/share to 5.07 yuan/share following the distribution of cash dividends of 0.1 yuan/share [4][42]. - The Board approved the repurchase and cancellation of 1,786,669 shares of restricted stock due to 142 incentive objects failing to meet unlock conditions, with 70 leaving the company and 72 not meeting performance standards [7][19]. Supervisory Board Resolutions - The Supervisory Board confirmed the achievement of unlock conditions for the same 1,568 incentive objects and 37,600,462 shares, validating the performance assessment and compliance with legal procedures [14][15]. - The Supervisory Board also approved the adjustment of the repurchase price to 5.07 yuan/share and confirmed that the adjustment does not harm the interests of the company and its shareholders [16][20]. - The Supervisory Board agreed to the repurchase and cancellation of the same 1,786,669 shares, affirming compliance with relevant regulations [19][21]. Legal and Compliance - The company has ensured that all resolutions and actions taken regarding the restricted stock incentive plan comply with the relevant laws and regulations, as confirmed by legal opinions from Guangdong Nanguo Desai Law Firm [40][41].