China Software cancels 6.3m shares after performance failures
China Software and Technology Service Co., Ltd. will repurchase and cancel 6,306,604 restricted shares, representing 0.67% of its total share capital.
The cancellations follow unachieved performance targets for the 2021 restricted stock incentive plan and changes affecting 58 incentive recipients including resignations and performance issues. Additionally, 404 incentive recipients failed to meet 2024 performance targets.
The company expects to complete the cancellation by July 30, 2025.
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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