Shenzhen Zhaowei Machinery & Electronics Repurchases and Cancels 24,800 Restricted A-Shares

Stock News09-04 19:04

Shenzhen Zhaowei Machinery & Electronics Co., Ltd. (ZHAOWEI) has announced the repurchase and cancellation of 24,800 restricted A-shares previously granted under its 2024 restricted stock plan.

According to the company's official statement, this move pertains to a portion of the shares awarded to eligible participants under the aforementioned incentive scheme. The buyback and subsequent cancellation will reduce the total number of outstanding restricted shares, aligning with the plan's terms and conditions.

The transaction reflects the company's ongoing management of its equity incentive structure, ensuring compliance with regulatory requirements and maintaining alignment with shareholder interests. Further details regarding the specific participants and the effective date of the cancellation were not disclosed in the announcement.

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