森特股份公告深度解读：回购注销限制性股票及调整回购价格

一、公告要点速览

• 回购注销数量：90万股限制性股票
• 回购价格调整：由11.33元/股下调至11.23元/股
• 涉及激励对象：8名激励对象
• 回购总金额：1,010.70万元，全部为公司自有资金
• 回购原因：三期业绩考核均未达标，激励对象所持限制性股票不得解除限售，需回购注销
• 股本影响：回购注销后，公司总股本减少至538,799,978股，有限售条件流通股归零
• 董事会、监事会、律师事务所均已核查通过，程序合规

二、事件详细解读

1. 背景及决策流程

森特士兴集团股份有限公司（森特股份）于2026年4月17日召开董事会，决定对2023年股票期权和限制性股票激励计划中8名激励对象所持、不得解除限售的90万股限制性股票进行回购注销，并将回购价格由11.33元/股调整为11.23元/股。此次回购注销和价格调整，均已履行董事会、监事会、股东大会授权及相关信息披露程序，独立董事和律师事务所也出具了合规意见。

此次激励计划自2023年启动以来，涉及多轮董事会、监事会审议和公示，所有决策流程均严格按照《上市公司股权激励管理办法》和公司激励计划规定执行。2023年8月，激励对象名单公示并无异议，激励计划正式实施。由于业绩考核未达标，按激励计划条款需对限制性股票进行回购注销。

2. 回购注销及价格调整细节

• 本次回购注销股票数量为90万股，针对8名激励对象。原因是公司2023年股票期权和限制性股票激励计划的三个解除限售期业绩考核均未达标，激励对象所持相关股票不得解除限售。
• 回购价格依据公司2023年、2024年度分红，较原定11.33元/股累计下调0.10元至11.23元/股。回购总金额为1,010.70万元，全部使用公司自有资金。
• 完成回购注销后，公司有限售条件流通股由90万股减至0股，全部成为无限售流通股，公司总股本减少至538,799,978股。

3. 对公司业务及股东的影响

• 对管理团队影响：本次回购注销不会影响公司核心团队稳定，相关人员将继续履责，不影响公司治理和运营。
• 对业绩和财务影响：公司表示不会对经营业绩、财务状况产生实质影响，回购资金来源于自有资金，公司运营稳健。
• 对股东结构影响：回购注销不会导致控股股东或实际控制人变化，公司股权结构仍符合上市条件。
• 对激励计划的影响：本次回购注销完成后，公司2023年股票期权和限制性股票激励计划正式实施完毕。

4. 可能对股价的影响及投资者需关注事项

• 业绩考核未达标，全部激励股票回购注销：显示公司短期业绩压力较大，或对市场信心造成一定影响。
• 激励计划终止，激励对象利益受损：或影响公司高管积极性，需持续关注后续管理层稳定性及公司激励政策调整。
• 股本缩减：公司总股本减少，理论上每股收益和每股净资产有望提升，对股价有正面支撑；但业绩考核未达标带来的负面情绪需投资者警惕。
• 公司将依法履行减资程序并继续履行信息披露义务。

三、专业机构意见

• 董事会薪酬与考核委员会、上海君澜律师事务所均发表合规意见，确认本次回购注销决策程序合法合规。
• 律师意见明确此次回购注销不会对经营业绩、财务状况、管理团队稳定性造成实质性影响。

四、结语

本次公告对公司股权结构和激励计划有直接影响。业绩考核连续未达标导致全部激励股票回购注销，反映公司经营面临一定压力，需投资者密切关注公司后续业绩表现及管理层激励机制调整。同时，公司股本缩减对每股指标有正面影响。整体而言，公告内容具备一定信息敏感性，建议投资者及时关注公司后续公告。

免责声明：本文仅为信息整理与分析，不构成任何投资建议。投资有风险，入市需谨慎。请以公司后续正式公告为准。

English Version

Detailed Analysis of Sente Group’s Repurchase and Cancellation of Restricted Shares

Key Highlights

• Number of shares to be repurchased and cancelled: 900,000 restricted shares
• Repurchase price adjustment: Reduced from RMB 11.33/share to RMB 11.23/share
• Involved incentive recipients: 8 individuals
• Total repurchase amount: RMB 10.107 million, fully funded by the company’s own funds
• Reason for repurchase: Company failed to meet performance assessment for three consecutive unlocking periods; thus, the restricted shares cannot be unlocked and must be repurchased and cancelled
• Share capital impact: After repurchase and cancellation, total share capital will decrease to 538,799,978 shares, all shares become freely tradable
• All procedures have been reviewed and approved by the board, supervisors, and legal counsel

Event Details

1. Background and Decision Process

Sente Group Co., Ltd. (Sente) held a board meeting on April 17, 2026, deciding to repurchase and cancel 900,000 restricted shares held by 8 incentive recipients under the 2023 Stock Option and Restricted Stock Incentive Plan. The repurchase price was adjusted to RMB 11.23/share. All necessary board, supervisor, and shareholder meeting authorizations as well as information disclosures were properly followed, with independent directors and legal counsel confirming compliance.

Since the launch of the incentive plan in 2023, Sente has strictly adhered to the regulatory and internal approval processes. The recipient list was publicly disclosed with no objections. Since none of the performance targets for the unlocking periods were met, the restricted shares must be repurchased and cancelled as stipulated.

2. Details of Repurchase and Price Adjustment

• A total of 900,000 restricted shares held by 8 recipients will be repurchased and cancelled because the company did not meet performance targets for three consecutive periods.
• The repurchase price is lowered by RMB 0.10 in total due to dividends in 2023 and 2024, finalized at RMB 11.23/share, using the company’s own funds (RMB 10.107 million).
• After repurchase and cancellation, the company’s total share capital will decrease by 900,000 shares, with all remaining shares freely tradable.

3. Impacts on Operations and Shareholders

• Management Impact: The repurchase and cancellation do not affect the stability of the core team, and key personnel will continue to fulfill their duties.
• Performance and Financials: The company believes this will not materially affect operating performance or financial standing.
• Shareholder Structure: No change in the controlling shareholder or actual controller; shareholding structure still meets listing requirements.
• Incentive Plan: The 2023 incentive plan is officially completed after this cancellation.

4. Potential Price-Sensitive Information

• Failure to meet performance targets resulting in full cancellation of incentive shares: May signal operational pressure to the market and affect investor sentiment.
• Termination of incentive benefits for key staff: May impact management’s motivation, and investors should monitor subsequent management stability and incentive policy adjustments.
• Reduction in share capital: May improve per-share indicators (e.g., EPS, NAV/share), which is generally favorable for share price, but negative market sentiment due to performance shortfall should be watched.
• The company will complete the capital reduction process and continue to fulfill disclosure obligations.

Legal and Professional Opinions

• The Remuneration and Appraisal Committee and Shanghai Junlan Law Firm confirm all procedures are legal and compliant.
• The repurchase and cancellation will not have a material impact on performance, financials, or management stability.

Conclusion

This announcement directly affects the company’s equity structure and incentive plan. The failure to meet performance targets for three consecutive periods highlights operational challenges. Investors should closely monitor future performance and potential changes in management incentives. The reduction in share capital is positive for per-share indicators, but attention should be paid to market reactions regarding the company’s performance.

Disclaimer: This article is for information and analysis purposes only and does not constitute investment advice. Investment is risky; please make decisions carefully and refer to official company announcements.

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