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Henan Zhongfu cancels restricted stock awards after performance miss

July 8, 2025 at 05:10 PM UTCBy FilingReader AI

Henan Zhongfu Industry announced it will cancel 1,525,000 restricted shares granted under its 2022 Restricted Stock Incentive Plan, as the company did not meet its 2024 performance targets. The cancellation affects 37 employees. Originally, these shares were subject to vesting upon achievement of specific performance criteria.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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