Gelonghui, March 12, 丨 Hangzhou Hi-Tech (300478.SZ) announced that on March 12, 2024, the company held the second meeting of the 5th board of directors and the second meeting of the 5th board of supervisors to review and pass the “On Termination of Implementation of the 2023 Restricted Stock Incentive Plan”, decided to terminate the implementation of the Company's 2022 Restricted Stock Incentive Plan (hereinafter referred to as the “Incentive Plan”), and the supporting “2023 Restricted Stock Incentive Plan Implementation Assessment Management Measures” and other related documents were also terminated.
Due to recent changes in the macroeconomic and market environment, the company's stock price fluctuated greatly compared to when the equity incentive plan was formulated. The company's incentive plan was launched to establish and improve the company's long-term incentive and restraint mechanism, attract and retain directors, senior management and key personnel, fully mobilize their enthusiasm and creativity, effectively enhance the cohesion of the core team and the core competitiveness of the enterprise, effectively combine the interests of shareholders, the company and the core team, and comprehensively consider factors such as the company's market environment, stock price, protection of the core team's enthusiasm, and combined with the wishes of the incentive target.