1, stock repurchase is usually used by enterprises to write off the share capital, share capital reduction, net assets and earnings are not changed in the total amount, accordingly, the net assets and earnings per share have been improved, the share price of course, rose.

2, options canceled and restricted stock buybacks canceled they all correspond to a listed company share (option) incentive system.

As listed companies approved by the Securities and Futures Commission can implement equity or option incentives for the company's employees, if the employees who received the grant of incentives to leave the company, and the share (option) incentives have not yet been implemented, then the shares corresponding to the departure of the staff will be written off accordingly.

3, stock repurchase is mainly the company's operations, is for internal stock incentives or retention or write-off. Incentive or retention because of the company's operational needs, but also the beginning of the company's equity changes which is favorable.