TKGF(SH:601233) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-15 23:44Core Viewpoint - The company plans to repurchase and cancel a total of 4,552,410 shares of restricted stock due to the departure of certain incentive plan participants and unmet performance targets for the second release period of the stock [2][9]. Group 1: Reasons for Repurchase and Cancellation - The repurchase and cancellation are due to 8 individuals leaving for personal reasons and 2 retiring, which disqualifies them from being incentive plan participants [2][10]. - Additionally, the company did not meet the performance assessment criteria for the second release period, leading to the cancellation of 4,329,270 shares of restricted stock [8][10]. Group 2: Decision and Disclosure Process - The decision for the repurchase was approved in meetings held on September 25, 2023, and subsequent meetings, with independent directors providing opinions and the supervisory board verifying the matters [3][4]. - The company publicly disclosed the names and positions of the incentive plan participants from September 26 to October 6, 2023, with no objections received during the public notice period [3][4]. Group 3: Repurchase and Cancellation Details - The repurchase involves a total of 421 participants, with 10 disqualified due to personal reasons and 411 due to unmet performance targets [10]. - The company has set up a dedicated securities account for the repurchase and expects to complete the cancellation by January 20, 2026 [11]. Group 4: Changes in Share Structure - Following the cancellation, the company's share capital will be adjusted, with the total number of shares decreasing from 2,400,227,363 to 2,379,001,490 [18][19]. Group 5: Legal Compliance and Commitments - The board assures that the decision-making process and disclosures comply with relevant laws and regulations, and there are no violations of the rights of incentive participants or creditors [13][14].