Zhitong Finance App News, Hongquan Technology (688288.SH) issued an announcement. Since some of the incentive targets of the company's 2024 restricted stock incentive plan have left their jobs, and the incentive target organization and core talent structure have changed due to the organizational structure of the business unit to which the incentive target belongs, it is difficult for the assessment indicators and scope of the incentive target to fully meet the strategic goals and actual business situation at this stage.

Second, due to various aspects such as changes in the current internal and external environment, capital markets, and price fluctuations in the secondary market, it is difficult to continue to implement the expected incentive goals. In order to ensure the effectiveness and fairness of incentives, further optimize the company's remuneration and long-term incentive system, adapt to current business development and talent management plans, and fully achieve accurate and effective incentives for employees, after careful research by the company, it is proposed to terminate this incentive plan, and unregistered restricted stocks will be scrapped.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.