XUELONG(SH:603949) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-08 23:12Core Viewpoint - The company is repurchasing and canceling a total of 399,974 restricted stocks due to the retirement of one incentive object and the failure to meet performance assessment targets for the year 2024 [1][3][5] Group 1: Reasons for Repurchase and Cancellation - The repurchase of 1,400 shares is due to one incentive object retiring and no longer qualifying for the incentive program [2] - A total of 366,540 shares will be repurchased from 34 incentive objects because the company's performance did not meet the required targets for the year 2024 [3][4] - Additionally, 32,034 shares will be repurchased from 3 reserved incentive objects, leading to a total of 399,974 shares being canceled [3][4] Group 2: Decision and Disclosure Process - The decision for the repurchase and cancellation was approved in a board meeting held on August 18, 2025, and does not require further shareholder approval [1][5] - The company has fulfilled the necessary legal procedures for notifying creditors regarding the repurchase [2] Group 3: Stock Structure Changes - After the cancellation of the restricted stocks, the remaining stocks under the incentive plan will total 531,432 shares [5] Group 4: Legal Compliance and Commitments - The company assures that the decision-making process and information disclosure comply with relevant laws and regulations, and there are no violations of the rights of incentive objects or creditors [6][8] - A legal opinion confirms that the company has obtained the necessary approvals for the repurchase and cancellation [7][8]