SIFANG(SH:601126) Xin Lang Cai Jing·2025-10-20 09:55Core Viewpoint - The company announced a buyback and cancellation of restricted shares due to the departure of two incentive plan participants, involving 59,500 shares and a total buyback amount of approximately 373,065 yuan [1][2][3]. Group 1: Buyback and Cancellation Details - The buyback and cancellation are triggered by the departure of two participants from the "Qihang No. 2 Restricted Stock Incentive Plan," which disqualifies them from holding the shares [2]. - The total number of shares to be canceled is 59,500, with the cancellation scheduled for October 23, 2025 [3]. - The adjusted buyback price is set at 6.27 yuan per share, calculated by deducting the cash dividend of 0.72 yuan from the original grant price of 6.99 yuan [3]. Group 2: Impact on Share Structure - Following the buyback, the company's total share capital will decrease from 833,268,000 shares to 833,208,500 shares, a reduction of 59,500 shares [4]. - The proportion of restricted shares will slightly decrease from 1.73% to 1.72%, while unrestricted shares will increase from 98.27% to 98.28% [4]. Group 3: Compliance and Legal Assurance - The company confirmed that the decision-making process for the buyback and cancellation was legal and that all necessary disclosures were made [6]. - Legal counsel has provided an opinion affirming that the buyback complies with relevant regulations and that the company will bear any legal responsibilities arising from disputes with incentive participants [6]. Group 4: Completion Timeline - The buyback and cancellation process is expected to be completed by October 23, 2025, after which the company will proceed with the necessary business registration changes [7].