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OFILM advances equity plan, shifts funds to upgrade production

June 27, 2025 at 05:18 PM UTCBy FilingReader AI

OFILM Group (SZSE:002456) announced a series of resolutions concerning its 2024 first-phase restricted stock and stock option incentive plan, alongside a shift in investment strategy. The company will repurchase and cancel 4,135,640 restricted shares due to employee departures and unmet performance targets, reducing total share capital from 3,357,308,813 to 3,353,173,173. At the same time, the board approved the release of restrictions on 10,611,680 shares for 169 eligible employees.

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

Supplementary Source Documents

Announcement on the use of part of the idle raised funds to temporarily supplement working capitalJune 27, 2025 at 08:00 AM UTC
China Galaxy Securities Co., Ltd.'s Verification Opinion on OFILM Group Co., Ltd.'s Change of Purpose of Part of the Raised Funds and New Investment Projects of the Raised FundsJune 27, 2025 at 08:00 AM UTC
Announcement on the fulfillment of the conditions for lifting the restriction on the first period of restricted stock under the company's first phase of restricted stock and stock option incentive plan in 2024June 27, 2025 at 08:00 AM UTC
Guangdong Xinda Law Firm's Legal Opinion on the Fulfillment of the Conditions for the First Unrestricted Sale Period of the Restricted Stocks of the First Restricted Stock and Stock Option Incentive Plan of OFILM Group Co., Ltd. in 2024 and the Repurchase and Cancellation of Part of the Restricted StocksJune 27, 2025 at 08:00 AM UTC
China Galaxy Securities Co., Ltd.'s Verification Opinion on O-Film Group Co., Ltd.'s Use of Part of Idle Raised Funds to Temporarily Supplement Working CapitalJune 27, 2025 at 08:00 AM UTC
Notice on convening the second extraordinary general meeting of shareholders in 2025June 27, 2025 at 08:00 AM UTC
Announcement on the early repayment of idle raised funds for temporary replenishment of working capitalJune 27, 2025 at 08:00 AM UTC
Announcement on the repurchase and cancellation of part of the restricted stocks of the company's first phase of 2024 restricted stocks and stock option incentive planJune 27, 2025 at 08:00 AM UTC
Announcement on Repurchasing and Cancelling Part of the Company's Restricted Stocks to Reduce Registered Capital and Notifying CreditorsJune 27, 2025 at 08:00 AM UTC
Announcement on changing the use of part of the raised funds and adding new investment projects with raised fundsJune 27, 2025 at 08:00 AM UTC
SZSE:002456Shenzhen Stock Exchange

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