Gelonghui, Feb. 2 | KMET (002549.SZ) announced that the company (held the 7th (Provisional) Meeting of the 6th Board of Directors and the 7th (Interim) Meeting of the 6th Board of Supervisors on February 2, 2024 to review and pass the “Proposal on Terminating the Implementation of the 2022 Restricted Stock Incentive Plan and Repurchase and Cancellation of Restricted Shares”, in order to fully implement effective incentives for employees and protect the interests of the company, employees and all shareholders, in order to fully implement effective incentives for employees and protect the interests of the company, employees and all shareholders, in order to fully implement effective incentives for employees and protect the interests of the company, employees and all shareholders. According to the study, the company decided to terminate the implementation of the 2022 restricted stock incentive plan, terminate the company's “2022 Restricted Stock Incentive Plan (Draft Revision Draft)” and “2022 Restricted Stock Incentive Plan Implementation Assessment Management Measures” supporting this incentive plan, and repurchase and cancel all restricted stocks granted by this incentive plan but whose sales restrictions have not yet been lifted.

The company disclosed the “2023 Annual Results Forecast” (Notice No. 2024-003) on January 27, 2024. The net profit attributable to shareholders of the listed company is expected to be a loss of 30 million yuan to a loss of 16 million yuan, which is quite different from the performance assessment target of this incentive plan for the second period when sales restrictions are lifted. Based on the current actual situation, the company believes that the company-level performance assessment goals for this period have failed to meet the standards.

Furthermore, since the market environment faced by the company's operations has changed greatly compared to when the equity incentive plan was formulated, there is a deviation between the company's expected business situation and the setting of incentive plan assessment indicators, it will be difficult to achieve the expected incentive goals and incentive effects by continuing to implement this incentive plan. In order to fully implement the employee incentive mechanism and protect the interests of the company, employees and all shareholders, in order to facilitate the long-term development of the company and protect the enthusiasm of the core team, after careful research, the company decided to terminate the implementation of this incentive plan, and at the same time terminate the “Incentive Plan (Revised Draft)” and “Assessment Management Measures” supporting this incentive plan.