Opinion of the Remuneration and Nomination Committee of Hubei H far Gas Co., Ltd. on the Repurchase and Cancellation of Restricted Shares under the 2024 Restricted Share Incentive Plan
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Opinion of the Remuneration and Nomination Committee on the Repurchase and Cancellation of Restricted Shares under the 2024 Restricted Share Incentive Plan
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The Remuneration and Nomination Committee reviewed the repurchase and cancellation of restricted shares under the 2024 incentive plan. Due to unmet performance targets for the first vesting period, 3.75 million shares held by 198 employees will be repurchased and cancelled at an adjusted price of RMB 11.36 per share plus bank deposit interest. Additionally, 0.5 million unvested shares from one former employee will be repurchased.
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