Core Viewpoint - Guizhou Hangyu Technology Development Co., Ltd. is implementing a stock incentive plan, which includes the repurchase and cancellation of certain restricted stocks due to performance assessment failures [6][15]. Group 1: Approval and Authorization - The repurchase and cancellation of restricted stocks have been approved and authorized by the company's board and independent directors, in accordance with relevant regulations [6][7]. - The independent board members have expressed their agreement with the incentive plan and its related matters [8][12]. Group 2: Repurchase Details - The repurchase price for the first batch of restricted stocks is set at 26.38 yuan per share, with a total of 1,102,686 shares to be repurchased [15]. - An additional 177,450 shares from the reserved portion will also be repurchased at the same price [15]. Group 3: Financial Implications - The total funds allocated for the repurchase of restricted stocks amount to 33.77 million yuan, sourced from the company's own funds [15]. - Following the completion of the repurchase, the total number of shares will decrease from 191,906,054 to 190,625,918, resulting in a reduction of registered capital from 191,906,054 yuan to 190,625,918 yuan [15]. Group 4: Compliance and Legal Opinions - The legal opinion confirms that the repurchase and cancellation procedures comply with the Company Law, Securities Law, and relevant regulatory guidelines [16]. - The company is required to complete the necessary registration and capital reduction procedures following the repurchase [16].