Zhejiang Crystal Optoelectronics Technology Co., Ltd. (hereinafter referred to as "the company" or "the company") convened the board of directors and the general meeting of shareholders to deliberate and approve the "Proposal on the repurchase of the company's repurchase and cancellation of equity incentives that have been granted but not yet unlocked."
Due to the fact that the 2013 results did not reach the equity incentive unlocking conditions and the incentive targets Wang Xiaojing and Li Zhaohui left, they did not meet the incentive conditions. The company intends to repurchase and cancel 2,763,750 restricted shares that have been granted but not yet unlocked. The share capital will be reduced by 2,763,750 shares from the original share capital.
The crystal photoelectric repurchase and cancellation of some equity incentive shares will involve a decrease in registered capital. According to the relevant laws and regulations of the "Company Law of the People's Republic of China", the company hereby informs the creditors that the creditors have been within forty-five days from the date of this announcement. Have the right to ask the company to pay off the debt or provide the corresponding guarantee. If the creditor fails to exercise the above rights within the prescribed time limit, the repurchase and cancellation will continue to be implemented in accordance with legal procedures.
Due to the fact that the 2013 results did not reach the equity incentive unlocking conditions and the incentive targets Wang Xiaojing and Li Zhaohui left, they did not meet the incentive conditions. The company intends to repurchase and cancel 2,763,750 restricted shares that have been granted but not yet unlocked. The share capital will be reduced by 2,763,750 shares from the original share capital.
The crystal photoelectric repurchase and cancellation of some equity incentive shares will involve a decrease in registered capital. According to the relevant laws and regulations of the "Company Law of the People's Republic of China", the company hereby informs the creditors that the creditors have been within forty-five days from the date of this announcement. Have the right to ask the company to pay off the debt or provide the corresponding guarantee. If the creditor fails to exercise the above rights within the prescribed time limit, the repurchase and cancellation will continue to be implemented in accordance with legal procedures.
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