Shenzhen Xingyuan Material Technology Co., Ltd. (hereinafter referred to as "the Company") guarantees that the content of this announcement is true, accurate, and complete, without false records, misleading statements, or significant omissions.
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Verification Opinion on Unachieved Conditions for Restricted Stock Incentive Plan
✨ AI Summary
The Compensation and Assessment Committee of Shenzhen Xingyuan Material Technology Co., Ltd. confirmed that the conditions for the second vesting period of the 2023 restricted stock incentive plan were not met. Consequently, 1.245 million shares of unvested restricted stock will be canceled. This decision complies with relevant regulations and does not harm the interests of the company or its shareholders.
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