Hezong Science & Technology(SZ:300477) Ge Long Hui·2025-12-04 10:24Core Viewpoint - ST Huzhong (300477.SZ) announced the termination of its 2022 restricted stock incentive plan due to receiving a negative opinion on internal control from its auditor for the 2024 financial report [1] Group 1: Regulatory Compliance - According to Article 18 of the "Management Measures for Incentive Plans of Listed Companies," if a company receives a negative or disclaimer opinion on its internal control from an auditor, it must terminate the incentive plan and cannot grant new rights to the incentive targets [1] - The specific condition triggering this termination is outlined in Article 7, which states that a negative opinion on internal control from the auditor constitutes grounds for ending the incentive plan [1] Group 2: Impact on Incentive Plan - The company has decided to terminate the 2022 restricted stock incentive plan and invalidate a total of 4.944 million shares of restricted stock that had been granted but not yet vested [1] - This decision aligns with the stipulations of the "Management Measures" and the related incentive plan assessment methods [1]