龙建路桥股份有限公司2021年限制性股票激励计划部分限制性股票回购注销实施进展详解

要点概述

• 龙建路桥股份有限公司正在推进2021年限制性股票激励计划中部分限制性股票的回购注销。
• 本次回购注销涉及共计33.57万股限制性股票，原因是部分激励对象因工作调动离职或退休，不再符合激励对象资格。
• 公司已取得必要的董事会、监事会、股东大会及国资委等相关部门的批准和授权。
• 回购价格调整为每股1.325元，外加中国人民银行同期定期存款利息。
• 回购注销完成后，公司股本将由1,014,031,746股减少至1,013,696,046股。
• 公司已履行债权人通知程序，未收到债权人申报或异议，预计相关注销手续将于2026年3月23日完成。

详细内容

一、回购注销的批准与授权

自2021年起，龙建路桥股份有限公司多次召开董事会、监事会及股东大会，审议并通过2021年限制性股票激励计划相关议案。所有激励计划及回购注销事项均获得独立董事和监事会的核查及同意，并得到黑龙江省国资委的批复。2025年12月25日，公司第四次临时股东大会审议并通过了本次回购注销相关议案，表明公司已获得现阶段全部必要批准和授权。

二、回购注销的原因及影响

• 4名激励对象因工作调动离职、3名激励对象因退休而不再具备激励资格，公司决定对其已获授但尚未解除限售的33.57万股限制性股票进行回购注销。
• 回购价格为1.325元/股，较前一回购价1.365元/股有所下调，原因是2024年年度权益分派后作出的价格调整。
• 注销完成后，公司总股本将减少，有限售条件的流通股将减少335,700股，股本变动对公司市值和二级市场流通盘具有一定影响。

三、程序和进展

公司已在中国证券登记结算有限责任公司上海分公司开立回购专用证券账户，并向其申请办理回购过户手续。债权人通知期内未有债权人提出异议或要求，公司依法推进回购注销流程，预计2026年3月23日完成注销，并将依法办理相关工商变更登记手续等后续事宜。

四、对投资者的影响及需关注事项

• 股份回购注销将直接减少公司总股本，提升每股收益（EPS），对现有股东具有积极影响。
• 回购价格调整意味着公司对激励对象的激励成本降低，优化了公司财务结构。
• 本次回购注销未产生债权纠纷，操作合规顺利，显示公司治理规范、稳健。
• 投资者需关注后续正式注销及资本变更登记完成的公告，短期内可能对股价产生正面影响。

五、结论

本次回购注销限制性股票事项，标志着龙建路桥股份有限公司对股权激励计划的严格执行和规范治理，有助于优化公司资本结构，提升股东价值，具备一定的市场关注度和潜在的股价驱动效应。建议投资者密切关注后续相关公告与进展，评估其对公司投资价值的影响。

免责声明

本文仅为信息参考，不构成投资建议。投资有风险，决策需谨慎。请以公司正式公告及法律文件为准。

English Version

Longjian Road & Bridge Co., Ltd.: Progress Update on the Partial Repurchase and Cancellation of 2021 Restricted Stock Incentive Plan

Key Highlights

• Longjian Road & Bridge Co., Ltd. is proceeding with the repurchase and cancellation of certain restricted shares under its 2021 Restricted Stock Incentive Plan.
• This repurchase involves a total of 335,700 shares due to 4 recipients leaving for job transfers and 3 recipients retiring, making them ineligible for the incentive plan.
• All necessary approvals have been obtained from the board, supervisory committee, shareholders’ meetings, and the State-owned Assets Supervision and Administration Commission (SASAC).
• The repurchase price is set at RMB 1.325 per share plus the prevailing interest rate for fixed deposits by the People’s Bank of China.
• After cancellation, total share capital will decrease from 1,014,031,746 shares to 1,013,696,046 shares.
• The company has fulfilled creditor notification procedures with no objections received, and the cancellation is expected to be completed on March 23, 2026.

Detailed Information

1. Approvals and Authorization

Since 2021, Longjian Road & Bridge has convened several board, supervisory, and shareholder meetings to review and approve matters related to the incentive plan. All proposals, including the repurchase and cancellation, were vetted by independent directors and the supervisory board and received official approval from the Heilongjiang SASAC. The 4th EGM in December 2025 ratified the repurchase, indicating all necessary legal authorizations have been secured.

2. Reasons and Impacts of Repurchase

• Four participants left due to job transfers and three retired, losing eligibility, so their unvested restricted shares (335,700 shares) are being repurchased and cancelled.
• The repurchase price was adjusted from RMB 1.365 to RMB 1.325 per share after the 2024 annual dividend distribution, reflecting lower costs for the company.
• The share cancellation will reduce the company’s total capital and potentially increase earnings per share (EPS), which may positively affect share price.

3. Process and Progress

The company has opened a dedicated securities account for the repurchase and applied for the transfer of the shares. During the creditor notification period, no claims or objections were filed. The cancellation is scheduled for completion on March 23, 2026, after which relevant business registration changes will follow.

4. Investor Considerations & Potential Price Sensitivity

• The repurchase and cancellation directly reduce the company’s share capital, potentially boosting EPS and benefiting existing shareholders.
• The lower repurchase price optimizes the company’s financial structure and reduces incentive costs.
• Compliance and smooth execution reflect robust corporate governance, which is positive for investor confidence.
• Investors should monitor official announcements regarding the completion of the cancellation and capital reduction, as these may have a short-term positive impact on share price.

5. Conclusion

This partial repurchase and cancellation of restricted stock demonstrates Longjian Road & Bridge’s disciplined execution of its equity incentive program and sound governance, optimizing its capital structure and potentially enhancing shareholder value. Investors are advised to follow up on subsequent disclosures to assess the impact on company valuation.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investing involves risks. Please refer to official company announcements and legal documents for authoritative information.

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