FiberHome(SH:600498) Shang Hai Zheng Quan Bao·2025-11-04 19:33Core Viewpoint - The company announced the repurchase and cancellation of 633,114 restricted stocks due to resignations and performance issues among incentive plan participants [2][4][5]. Group 1: Repurchase and Cancellation Details - The repurchase involves 56 individuals who resigned and 17 individuals who did not meet performance criteria for unlocking their stocks [2][4]. - The decision for the repurchase was approved in a board meeting on August 21, 2025, and the relevant disclosures were made on August 23, 2025 [3][4]. - The company has followed legal procedures for notifying creditors regarding the reduction in registered capital due to the stock cancellation [3][4]. Group 2: Stock Structure Changes - After the cancellation, the remaining restricted stocks for all incentive plan participants will total 17,251,566 shares [5]. - The company has set up a dedicated securities account for the repurchase and expects the cancellation to be completed by November 7, 2025 [5][6]. Group 3: Legal Compliance and Commitments - The board confirmed that the repurchase process complies with relevant laws and regulations, ensuring no harm to the rights of incentive participants or creditors [8][9]. - The company has committed to handling any legal disputes arising from the repurchase and has verified the accuracy of the information related to the cancellation [8][9]. Group 4: Convertible Bond Information - The company will redeem its convertible bonds (YF Convertible Bonds) at a total amount of RMB 106 per bond on December 1, 2025, with the payment date set for December 2, 2025 [12][13]. - The last trading day for the convertible bonds will be November 26, 2025, and they will cease trading on November 27, 2025 [15][16].