AMEC cancels restricted stock awards due to employee departures

Advanced Micro-Fabrication Equipment (China) [SSE:688012] announced the cancellation of a portion of its 2023 restricted stock incentive plan. A total of 31.8432 million restricted shares will be cancelled as 88 incentive recipients are no longer eligible due to resignations or failure to meet qualification criteria. The decision, approved by the board of directors on May 28, 2025, aligns with the plan's provisions and is not expected to have a material impact on the company's financial standing, operations, or the continuation of the incentive program. The company has fulfilled the necessary decision-making procedures and information disclosure requirements regarding the incentive plan.