Qiangsheng Holding(SH:600662) Shang Hai Zheng Quan Bao·2025-10-20 19:29Core Viewpoint - Shanghai Foreign Service Holding Group Co., Ltd. plans to repurchase and cancel a total of 39,110 shares of A-share restricted stock due to performance-related conditions and the termination of a labor contract with one of the incentive recipients [2][4][9]. Group 1: Reasons for Repurchase and Cancellation - The repurchase and cancellation are based on the company's stock incentive plan, where one incentive recipient scored between 70 and 80 points in personal performance for 2023, leading to a performance coefficient of 80% for the second release period [2][4]. - The company will repurchase 5,610 shares from this recipient and an additional 33,500 shares from another recipient who mutually agreed to terminate their labor contract, totaling 39,110 shares [2][4][8]. Group 2: Details of the Repurchase - The repurchase price for the restricted shares is set at 2.84 yuan per share [4][8]. - The company has opened a dedicated securities account for the repurchase and is in the process of completing the necessary cancellation procedures, expected to be finalized by October 23, 2025 [10]. Group 3: Impact on Share Structure - Following the repurchase and cancellation, the remaining number of restricted stock options will be 13,376,724 shares [9]. - The decision-making process and information disclosure related to this repurchase comply with relevant laws and regulations, ensuring no harm to the rights of the incentive recipients or creditors [11]. Group 4: Legal Opinions - The legal opinion from Beijing Global Law Firm confirms that the repurchase and cancellation have received necessary approvals and comply with relevant regulations [12].