Orbbec (688322) Zheng Quan Zhi Xing·2025-06-06 11:31Core Viewpoint - The company has decided to cancel a total of 965,910 restricted shares that were granted but not yet vested under its 2022 Restricted Stock Incentive Plan due to certain conditions not being met [1][10]. Group 1: Decision and Process - The company held its 15th meeting of the second board on June 6, 2025, where the resolution to cancel the unvested restricted shares was approved [1]. - The decision follows the procedures outlined in the "Management Measures for Equity Incentives of Listed Companies" and the "2022 Restricted Stock Incentive Plan (Draft)" [1][10]. - The company had previously disclosed relevant information regarding the incentive plan in various media outlets, ensuring compliance with disclosure requirements [2][6]. Group 2: Details of Canceled Shares - The cancellation includes 686,700 shares due to 25 individuals no longer qualifying as incentive recipients because of their departure from the company [9]. - Additionally, 279,210 shares were canceled due to performance assessments not meeting the required standards, with the company achieving a revenue of 564 million yuan in 2024, a growth rate of approximately 61.25% compared to 2022 [9][10]. - The total number of canceled shares amounts to 965,910, which will not impact the company's financial status or operational results significantly [10]. Group 3: Compliance and Opinions - The board's remuneration and assessment committee confirmed that the cancellation of the shares complies with relevant regulations and does not harm the interests of the company or its shareholders [10]. - Legal opinions from Beijing Jin Du (Shenzhen) Law Firm and independent financial advisory reports affirm that the necessary approvals and disclosures have been obtained for the cancellation [11].