TMT(SH:600458) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-14 00:39Core Viewpoint - The company, Zhuzhou Times New Material Technology Co., Ltd., is conducting a buyback and cancellation of 426,980 restricted shares due to various reasons related to the eligibility of incentive plan participants [2][4][8]. Group 1: Reasons for Share Buyback - The buyback is initiated because 26 incentive plan participants no longer qualify due to job changes, retirement, death, or personal reasons, leading to a total of 426,980 restricted shares being subject to cancellation [2][8]. - Specific cases include 71,400 shares from two participants who were transferred to the controlling shareholder's units, 95,200 shares from three retirees, and 33,500 shares from one deceased participant [4][5][6]. Group 2: Buyback Process and Approval - The decision for the buyback was approved in a board meeting held on July 16, 2025, and was disclosed on July 17, 2025, with no objections from creditors during the public notice period [3][4]. - The company has opened a dedicated securities account for the buyback and submitted the necessary applications, with the buyback expected to be completed by January 16, 2026 [9]. Group 3: Changes in Share Capital Structure - Following the buyback, the total number of shares will decrease from 931,180,500 to 930,753,520 [8][10]. - The company assures that the decision-making process and information disclosure comply with relevant laws and regulations, ensuring no harm to the rights of incentive participants or creditors [11][13].