YIWU CCC(SH:600415) Xin Lang Zheng Quan·2025-10-21 10:20Core Points - Zhejiang China Commodity City Group Co., Ltd. announced the repurchase and cancellation of 86,700 restricted shares due to the retirement of three incentive targets [1][2] - The repurchase is in accordance with the 2020 restricted stock incentive plan, which stipulates that shares held by retiring incentive targets that do not meet vesting and performance conditions will not be exercised and will be repurchased by the company [2] Repurchase Details - The specific scale of the repurchase involves 86,700 restricted shares, reducing the remaining number of restricted shares from 785,400 to 698,700 [3] - The company has opened a dedicated securities account for the repurchase and is in the process of handling the transfer procedures for the 86,700 restricted shares [3] Compliance Procedures - The repurchase has been authorized by the shareholders' meeting and the board of directors, with no objections from creditors during the 45-day objection period [4] - The necessary approvals were obtained from the fifth extraordinary shareholders' meeting in December 2020 and subsequent board meetings [4] Legal Opinion - The legal opinion confirms that the repurchase is compliant with relevant regulations and company bylaws, with only the reduction of registered capital remaining to be processed [5] - The completion of the repurchase will lead to a corresponding reduction in the company's registered capital, with minor adjustments to the equity structure expected [5]