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Jointo Energy repurchases 6m shares after performance targets missed

July 22, 2025 at 11:00 AM UTC•By FilingReader AI

Jointo Energy Investment Hebei will repurchase and cancel 6.065 million restricted shares from its 2023 incentive plan due to employee departures and unmet 2024 performance targets.

The repurchase price was adjusted to 2.86 yuan per share following dividend distributions in 2023 and 2024.

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

Primary Source Document

Legal opinion from Guo Hao Law Firm (Shijiazhuang) on the repurchase and cancellation of certain restricted shares and the adjustment of the repurchase price for Hebei Construction & Investment Energy Investment Company Limited's 2023 restricted stock incentive planJuly 22, 2025 at 08:00 AM UTC

Supplementary Source Documents

Independent financial advisor report of GF Securities Co., Ltd. on matters related to Hebei Construction & Investment Energy Investment Co., Ltd.'s repurchase and cancellation of part of the restricted shares under the 2023 restricted stock incentive plan and adjustment of the repurchase priceJuly 22, 2025 at 08:00 AM UTC

Jointo Energy Investment Hebei

SZSE:000600•Shenzhen Stock Exchange

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