Bairun cancels restricted shares following incentive plan adjustments

Shanghai Bairun Investment Holding Group (SZSE:002568) announced plans to repurchase and cancel 820,400 restricted shares related to its 2021 restricted stock incentive plan. The decision follows the departure of 20 initially granted employees, rendering them ineligible for the incentives, and the failure to meet the second tranche's performance targets. Specifically, the company's 2024 revenue growth, measured against a 2022 base, reached 17.53%, falling short of the required 53.75%.