Keystone Technology(SH:605588) Shang Hai Zheng Quan Bao·2025-10-24 19:01Core Viewpoint - Nanjing Guanshi Technology Co., Ltd. has announced the repurchase and cancellation of part of the restricted stock from its 2023 incentive plan due to unmet performance targets and the departure of an incentive object [1][7][14]. Group 1: Decision Process and Disclosure - The board and supervisory board approved the repurchase of restricted stocks at meetings held on October 24, 2025, following the authorization from the first extraordinary shareholders' meeting in 2023 [1][3][19]. - The incentive plan was initially approved on July 27, 2023, with independent directors and legal opinions supporting the decisions made [2][3][4]. Group 2: Repurchase Details - The company will repurchase a total of 192,720 shares at a price of RMB 22.60 per share, amounting to a total cost of RMB 4,355,472.00, funded by the company's own resources [10][11]. - The repurchase is due to the failure to meet performance targets for the year 2024, which resulted in the cancellation of shares for 26 incentive objects [8][14]. Group 3: Impact on Share Structure - Following the repurchase, the total number of shares will decrease from 73,468,201 to 73,275,481, without affecting the controlling shareholder or the company's compliance with listing conditions [11][12][25]. Group 4: Supervisory Board Opinion - The supervisory board has confirmed that the repurchase aligns with relevant regulations and does not harm the interests of the company or its shareholders [14][30].