Sinoma-int(SH:600970) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-24 22:46Core Viewpoint - The company, China National Materials International Engineering Co., Ltd., is repurchasing and canceling 18,138,506 shares of restricted stock due to performance assessment failures of certain incentive recipients under its 2021 stock incentive plan [2][4][5]. Summary by Sections Repurchase and Cancellation Reasons - The repurchase and cancellation of restricted stock is based on the company's 2021 incentive plan, which stipulates that shares not meeting the release conditions due to performance assessments must be repurchased at the lower of the grant price or market price [4][5]. Details of the Repurchase - The decision to repurchase was approved in meetings held on July 10 and July 28, 2025, and was subsequently ratified by the shareholders [2][3]. - A total of 253 incentive recipients are affected, with 185 recipients having 14,960,411 shares and 68 recipients having 3,178,095 shares that did not meet the release conditions [5]. Share Structure Changes - Following the repurchase, the company's total share capital will decrease from 2,639,958,030 shares to 2,621,819,524 shares [6][7]. Legal Compliance - The company has confirmed that all necessary procedures and disclosures have been followed in accordance with relevant laws and regulations, ensuring no harm to the rights of the incentive recipients or creditors [8].