ZHONGTAI CHEMICAL: Plans to repurchase and cancel 14.28 million restricted shares

Zhitong
2025.10.23 13:04

ZHONGTAI CHEMICAL announced that it plans to terminate the implementation of the 2021 restricted stock incentive plan and repurchase and cancel the restricted stocks. According to the plan, the company will repurchase and cancel 14.28 million restricted stocks that have been granted but not yet released from restrictions for 873 incentive recipients. Among them, the repurchase price for 20 individuals who were dismissed, transferred, or retired within 2023 will be RMB 4.65 per share, while the repurchase price for the remaining 853 individuals will also be RMB 4.65 per share. The total expected repurchase amount is RMB 66.5655 million, funded by the company's own funds. After the completion of this repurchase and cancellation, the company's total share capital is expected to decrease from 2.59 billion shares to 2.576 billion shares

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