国电南京自动化股份有限公司限制性股票回购注销及回购价格调整法律意见书详解

主要内容摘要

国电南京自动化股份有限公司（以下简称“公司”）于2026年5月14日收到北京德和衡（南京）律师事务所出具的《法律意见书》，内容涉及公司对部分已获授但尚未解除限售的限制性股票进行回购注销，并对回购价格进行调整。本次操作依据公司2021年年度股东大会授权，无需再次提交股东会审议。

事件详情

• 限制性股票激励计划回购注销的背景及流程：
  • 公司分别于2021年、2022年、2023年、2024年及2025年召开董事会和监事会，持续审议并通过了关于限制性股票激励计划的相关议案。
  • 多名激励对象因退休、调离、个人绩效考核不达标、主动离职或存在违规违纪行为，导致其已获授但尚未解除限售的限制性股票需被回购并注销。
  • 公司根据《激励计划(草案)》的相关条款，依法依规处理回购注销流程，并按规定调整回购价格。
• 回购注销涉及的具体股份数量及原因：
  • 本次拟回购注销的限制性股票合计为284,066股，包括：
    • 3名激励对象因退休或调离终止劳动关系，注销138,362股；
    • 2名激励对象因主动离职，注销77,258股；
    • 1名激励对象因绩效考核不达标，注销22,815股；
    • 1名激励对象因违规违纪，注销45,631股。
• 回购价格调整：
  • 2025年公司实施每10股派发2元现金红利方案后，根据股权激励管理办法及激励计划，回购价格由3.22元/股调整为3.02元/股。
  • 退休或调离的激励对象，回购价格为3.02元/股加同期中国人民银行公布的定期存款利率利息；主动离职、绩效考核不达标及违规违纪激励对象，回购价格为3.02元/股。
  • 本次回购注销所需资金总额约为90.4万元，资金来源为公司自有资金。
• 对公司股本结构的影响：
  • 本次回购注销完成后，公司总股本将由1,015,870,778股减少至1,015,586,712股，有限售条件股份减少至4,755,339股。

对股东和投资者的影响与需关注事项

• 影响股价的潜在因素：
  • 本次回购注销所涉及股份数量较小（约0.03%），对公司总股本影响有限，但显示公司对激励计划的严格执行，有助于提升公司治理规范性。
  • 回购注销行为通常被视为公司治理优化和激励机制完善的表现，长期来看有助于增强投资者信心。
  • 回购注销涉及调整回购价格，反映公司对股东分红和资本回报的重视，有助于股东价值提升。
• 信息披露与后续流程：
  • 公司需及时履行信息披露义务，依法办理减少注册资本和股份注销登记手续。
  • 回购注销完成后，以中国证券登记结算有限责任公司上海分公司出具的股份结构表为准。
• 其他注意事项：
  • 本次回购注销和价格调整不涉及新的重大经营风险，亦未损害中小股东权益。
  • 相关议案均在董事会、监事会和独立董事审议通过，程序合规。

结论

本次限制性股票回购注销及回购价格调整，显示公司严格按照激励计划和相关法规执行，对公司治理和激励机制完善具有积极意义。虽然涉及股份数量有限，但有助于提升公司形象和投资者信心，长期来看对公司价值和股东利益具有正面影响。投资者应持续关注公司后续公告及信息披露。

免责声明：

本文内容仅供投资参考，不构成任何投资建议。投资者据此操作，风险自负。请关注公司后续公告及相关信息披露。

English Version

Legal Opinion on Guodian Nanjing Automation Co., Ltd. Restricted Stock Buyback and Price Adjustment—Investor Details

Key Highlights

Guodian Nanjing Automation Co., Ltd. (“the Company”) received a legal opinion from Beijing DHH (Nanjing) Law Firm on May 14, 2026, detailing the buyback and cancellation of certain granted but unvested restricted stocks, and the adjustment of the buyback price. The buyback is implemented under the authorization of the 2021 Annual General Meeting and does not require further shareholder approval.

Event Details

• Background and Process of Restricted Stock Buyback and Cancellation:
  • From 2021 to 2026, the Board and the Supervisory Board continuously reviewed and approved matters related to the restricted stock incentive plan.
  • Several incentive recipients were subject to buyback and cancellation of their unvested restricted stocks due to retirement, transfer, failed performance assessments, voluntary resignation, or violations.
  • The company acted in accordance with the terms of the incentive plan and relevant laws, including price adjustments for the buyback as required.
• Details of Shares to be Bought Back and Reasons:
  • Total of 284,066 restricted shares to be bought back and cancelled, including:
    • 3 recipients due to retirement or job transfer: 138,362 shares;
    • 2 recipients due to voluntary resignation: 77,258 shares;
    • 1 recipient failed performance assessment: 22,815 shares;
    • 1 recipient due to violations: 45,631 shares.
• Buyback Price Adjustment:
  • Following a 2025 cash dividend of RMB 2.00 per 10 shares, the buyback price for restricted stock is adjusted from RMB 3.22/share to RMB 3.02/share.
  • For retired/transferred recipients, the price is RMB 3.02/share plus interest; for others (resignation, failed assessment, violations), RMB 3.02/share.
  • Total capital needed is approximately RMB 903,651.67, sourced from the company’s own funds.
• Impact on Share Structure:
  • After completion, total share capital will reduce from 1,015,870,778 to 1,015,586,712 shares; restricted shares will decrease to 4,755,339.

Implications for Shareholders and Investors

• Potential Price-sensitive Factors:
  • The number of shares involved is small (about 0.03% of total), thus the direct impact is limited, but it signals strict adherence to incentive plans, which may boost investor confidence.
  • Stock buybacks and cancellations are generally viewed positively for governance and value return to shareholders.
  • Timely adjustment of buyback price and adherence to dividend policies could enhance shareholder value over the long term.
• Disclosure and Subsequent Procedures:
  • The company must disclose information on time and complete capital reduction and share cancellation registration as required by law.
  • Final changes will be subject to confirmation by China Securities Depository and Clearing Corporation (Shanghai Branch).
• Other Notes:
  • No material operational risk or damage to minority shareholders detected.
  • All procedures have been approved by the Board, Supervisory Board, and independent directors.

Conclusion

This round of restricted stock buyback and price adjustment demonstrates the company’s commitment to strict governance and incentive plan management. Although the number of shares is limited, the action is positive for long-term valuation and investor confidence. Investors should stay tuned for further company announcements and disclosures.

Disclaimer:

This article is for information only and does not constitute investment advice. Investors make decisions at their own risk. Please follow the company’s future announcements and official disclosures.

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