RIGOL(SH:688337) Shang Hai Zheng Quan Bao·2025-11-20 19:09Core Viewpoint - The company is implementing a buyback and cancellation of restricted stock due to not meeting performance targets for the 2024 stock incentive plan, alongside factors such as employee departures and individual performance issues [2][5]. Group 1: Buyback and Cancellation Details - The company plans to repurchase and cancel a total of 229,613 shares of the first category of restricted stock held by 76 incentive recipients [2][3]. - The buyback price for the first category of restricted stock is set at 17.63 yuan per share for partners and 19.48 yuan per share for other recipients [3]. - The decision was approved in meetings held on August 8, 2025, by the company's board and supervisory committee [3]. Group 2: Reasons for Buyback - The company achieved a 15.70% year-on-year increase in revenue for 2024, meeting the trigger for performance assessment but not the target value [5]. - A total of 130,589 shares are to be repurchased due to 12 incentive recipients leaving the company, with the remaining shares being repurchased due to performance issues [5][6]. - Nine recipients received an "A-" performance rating, allowing only 60% of their shares to be released from restrictions, leading to further repurchases [6]. Group 3: Impact on Share Structure - Following the buyback, the total share capital will decrease from 194,104,030 shares to 193,874,417 shares [6]. - The remaining first category of restricted stock in the 2024 incentive plan will total 259,776 shares after the buyback [6]. Group 4: Compliance and Legal Opinions - The company has followed necessary procedures and legal requirements for the buyback and cancellation, ensuring no harm to the rights of incentive recipients or creditors [7][8]. - The law firm involved confirmed that the buyback complies with relevant regulations and that the company must continue to fulfill disclosure obligations regarding the reduction of registered capital [8].