MAYAIR(SH:688376) Shang Hai Zheng Quan Bao·2025-10-20 19:26Core Viewpoint - The company announced the cancellation of a portion of unvested restricted stock due to the departure of one incentive recipient, resulting in a total of 16,766 shares being voided, which will not significantly impact the company's operations or the stability of its management team [5][6][7]. Group 1: Restricted Stock Incentive Plan - The company approved the restricted stock incentive plan on August 26, 2024, with a total of 4.032 million shares to be granted, representing 3% of the company's total share capital at the time [21][24]. - The first grant of 3.2256 million shares accounted for 80% of the total incentive plan, with a grant price of 15.40 yuan per share [21][34]. - The plan includes performance assessment criteria, with the company-level vesting ratio set at 80% and individual assessments determining the final vesting amounts [6][31]. Group 2: Cancellation of Restricted Stock - The cancellation of 1,676.6 shares was due to one incentive recipient's departure and the failure to meet performance criteria for some individuals [5][6][31]. - The total number of incentive recipients was adjusted from 14 to 13 following the cancellation [5][6]. - The company confirmed that the cancellation would not affect the ongoing implementation of the incentive plan or the stability of its technical and management teams [7][40]. Group 3: Legal and Compliance - The legal opinion from Shanghai Junlan Law Firm confirmed that the cancellation and vesting processes complied with relevant regulations and internal governance [8][40]. - The company has fulfilled its disclosure obligations regarding the incentive plan and will continue to adhere to regulatory requirements [8][40].