BYIS(SH:600581) Shang Hai Zheng Quan Bao·2025-09-18 19:41Core Viewpoint - The company announced the repurchase and cancellation of restricted stocks due to unmet performance targets in the 2021 A-share incentive plan, affecting a total of 5,793,600 shares [1][2][5]. Summary by Sections Repurchase and Cancellation Reasons - The repurchase of 4,812,360 shares at a market price of 3.13 CNY per share was approved due to the failure to meet performance targets for the third release period of the 2021 incentive plan [1][5]. - An additional 909,160 shares will be repurchased from 28 individuals who are no longer eligible due to job changes or retirement, at a price of 3.28 CNY per share plus bank interest [1][6]. - The company will also repurchase 72,080 shares from 3 individuals who left for personal reasons, at the market price of 3.13 CNY per share [1][6]. Decision and Disclosure Process - The decision for the stock repurchase was made during the 22nd meeting of the 8th Board of Directors and the 18th Supervisory Board meeting on April 25, 2025 [2]. - The proposal was approved at the 2024 annual shareholders' meeting held on June 24, 2025 [3]. Repurchase Details - The total number of shares to be repurchased is 5,793,600, involving 206 individuals including the former chairman and vice chairman [7]. - The repurchase is expected to be completed by September 23, 2025, resulting in a reduction of the total share capital from 1,538,691,470 shares to 1,532,897,870 shares [8]. Compliance and Legal Assurance - The company confirmed that the decision-making process and information disclosure comply with relevant laws and regulations, ensuring no harm to the rights of the incentive targets or creditors [10]. - A legal opinion has been obtained confirming that the repurchase complies with applicable laws and regulations [10].