星光农机股份有限公司关于股权激励限制性股票回购注销实施公告

Core Viewpoint - The company, Star Agricultural Machinery Co., Ltd., is implementing a buyback and cancellation of 5,236,800 restricted stocks due to the departure of two incentive targets and failure to meet performance assessment criteria for the second unlock period of the stock incentive plan [2][4][5]. Group 1: Buyback and Cancellation Reasons - The buyback is based on the company's 2023 Restricted Stock Incentive Plan, where two incentive targets have left the company and no longer meet the criteria [2][4]. - The performance assessment for the second unlock period was not met, requiring the company to buy back 5,214,600 shares from remaining incentive targets [5]. Group 2: Details of the Buyback - The decision for the buyback was approved in meetings held on April 28, 2025, and authorized by the company's second extraordinary general meeting of 2023 [3]. - The buyback involves a total of 108 incentive targets, with 22,200 shares from the two departed targets and 5,124,600 shares from the remaining targets [5]. Group 3: Share Structure Changes - Following the buyback, the company's total share capital will decrease from 270,451,400 shares to 265,214,600 shares [6]. - The remaining restricted stocks after the buyback will total 5,214,600 shares [5]. Group 4: Legal Compliance and Commitments - The company assures that the buyback process complies with relevant laws and regulations, and has disclosed all necessary information to the incentive targets [8][9]. - The company commits to bear any legal responsibilities arising from disputes related to the buyback [8].