CCA(SH:603100) Xin Lang Cai Jing·2025-09-25 11:20Core Viewpoint - Chongqing Chuan Yi Automation Co., Ltd. has decided to repurchase and cancel part of its restricted stock as part of its equity incentive plan adjustment, which has attracted market attention [1]. Group 1: Approval and Authorization Process - On September 19, 2022, the company's fifth board meeting approved the draft of the 2022 restricted stock incentive plan, with independent directors and the supervisory board expressing agreement [2]. - On November 30, 2022, the board and supervisory board reviewed and adjusted the incentive plan draft and assessment management methods, which were approved by regulatory authorities and the shareholders' meeting [2]. - On December 19, 2022, the board and supervisory board approved adjustments to the list of incentive targets and the number of granted shares [3]. Group 2: Repurchase and Cancellation Details - On April 27, 2023, the board and supervisory board approved the proposal to repurchase and cancel part of the restricted stock [4]. - On April 12, 2024, the board and supervisory board reviewed and approved the repurchase and cancellation of part of the restricted stock and adjustments to the repurchase price [5]. - On December 20, 2024, the board and supervisory board approved related proposals, including the first release of restrictions and adjustments to the repurchase quantity and price [5]. - On April 23, 2025, the sixth board and supervisory board meetings approved the repurchase and cancellation of part of the restricted stock from the 2022 incentive plan [5]. Group 3: Reasons and Specifics of Repurchase - The repurchase involves five incentive targets whose personal circumstances have changed, with four leaving the company due to various reasons and one resigning, totaling 104,000 shares to be repurchased [6]. - The repurchase price was adjusted from 6.86 yuan per share to 6.585 yuan per share due to the company's 2024 equity distribution, which includes a cash dividend of 0.275 yuan per share [6]. - The repurchase will be funded by the company's own funds, and the process is expected to be completed by September 30, 2025 [6]. - The company has opened a dedicated repurchase securities account and submitted an application to the Shanghai branch of China Securities Depository and Clearing Co., Ltd. [6].