Core Viewpoint - The company has announced the cancellation of a portion of the unvested restricted stock granted under the 2022 incentive plan due to certain incentive objects no longer qualifying and performance assessment results not meeting the required standards [1][4][9]. Summary by Sections Incentive Plan Approval Process - The company has followed the necessary approval procedures for the 2022 restricted stock incentive plan, including independent opinions from directors and verification by the supervisory board [1][2][3]. Adjustments to Grant Price - The grant price for the restricted stock was adjusted multiple times, with the final adjustment setting the price at 15.246 yuan per share due to the completion of annual equity distribution matters [4][7]. Cancellation of Restricted Stock - A total of 75,750 shares of restricted stock were canceled due to the departure of incentive objects and the failure of their respective units to meet performance criteria [8]. Impact on Financials - The cancellation of the unvested restricted stock will not affect the company's financial status or operational results, nor will it hinder the ongoing implementation of the stock incentive plan [9]. Supervisory Board Opinion - The supervisory board has confirmed that the cancellation of the unvested restricted stock complies with legal regulations and does not harm the interests of shareholders, particularly minority shareholders [9]. Legal Opinion - The legal opinion confirms that the cancellation of the restricted stock has received the necessary approvals and is in accordance with relevant laws and regulations [9].

Core Points - The company announced the cancellation of 1,682,260 shares of restricted stock that were granted but not yet vested under the 2022 Restricted Stock Incentive Plan [1][6][7] - The cancellation is due to 17 individuals leaving the company and the failure to meet performance targets for the year 2024 [6][7] - The company’s compensation and assessment committee and the supervisory board have both agreed that the cancellation complies with relevant regulations and will not adversely affect the company's financial status or operational results [7][8] Summary by Sections Approval Procedures - The company followed necessary approval procedures for the 2022 Restricted Stock Incentive Plan, which included discussions and approvals from the board and supervisory committee [1][2] - The plan was approved at the fifth extraordinary general meeting of shareholders in 2022, allowing the board to determine the grant date and manage related matters [3][4] Impact of Cancellation - The cancellation of the restricted stock will not have a substantial impact on the company's financial condition or operational results, nor will it affect the stability of the management team [7] - The company maintains that the stock incentive plan can continue to be implemented without disruption [7] Legal Opinions - Legal opinions from Shanghai Jintiancheng (Shenzhen) Law Firm confirm that the adjustments and cancellations have received necessary approvals and comply with relevant laws and regulations [8]