Core Viewpoint - The company, Wantong Development, has announced a restricted stock incentive plan aimed at attracting and retaining key technical personnel in the AI computing infrastructure sector, particularly focusing on PCIe switch chips [1][2]. Group 1: Incentive Plan Details - The incentive plan proposes to grant a total of 94.52 million restricted shares, accounting for 5% of the company's total equity [1]. - The initial grant consists of 79.40 million shares, representing 84% of the total restricted shares and 4.2% of the total equity, while 15.12 million shares are reserved for future grants [1]. - The grant price is set at 6.25 yuan per share, with a lock-up period of 12, 24, and 36 months for different portions of the shares [1]. Group 2: Performance Targets - The performance assessment for the initial grant spans the years 2026 to 2028, with revenue targets of 600 million yuan, 1.2 billion yuan, and 1.6 billion yuan respectively [2]. - The reserved shares will have unlock criteria based on revenue targets of 1.2 billion yuan, 1.6 billion yuan, and 2.1 billion yuan for the years 2027, 2028, and 2029 respectively [2]. Group 3: Industry Context - The PCIe high-speed switch chips are essential for high-speed data transmission and device expansion in AI servers, addressing critical connectivity between CPUs and GPUs [2][3]. - The domestic market for PCIe switch chips is projected to grow significantly, with a compound annual growth rate of 35% from 2025 to 2029, potentially reaching a market size of 17 billion yuan by 2029 [3].

Core Insights - The conference focused on the forefront of artificial intelligence development, gathering top scholars and industry leaders to discuss the evolution of AI technology and its integration with various industries [1][2][3] Group 1: AI Research and Development - Tsinghua University's Institute for Interdisciplinary Information Sciences, established in 2011, aims to promote deep integration of AI with economics, manufacturing, healthcare, and finance, providing strong technical support for industry upgrades [1] - The institute's director, Yao Qizhi, emphasized the transformative potential of AI large models across industries and the need for continuous innovation while ensuring AI safety and reliability [1] Group 2: Talent Attraction and Collaboration - The conference launched a talent service list to attract global top AI talents, enhancing the talent aggregation effect in the AI field and providing intellectual support for technological innovation [1] - A cooperation signing ceremony between Tsinghua University and Wan Tong Development was held to foster deep collaboration in AI technology research, achievement transformation, and innovation application [2] Group 3: Industry Growth and Collaboration - The AI industry in China has been rapidly developing, with continuous improvement in technological innovation capabilities and expanding application scenarios [3] - The conference served as a high-level platform for experts and industry representatives to share resources and foster collaboration, enhancing the overall competitiveness of China's AI industry [3]

Group 1 - The core point of the article is that Wantong Development (600246.SH) has announced a draft for a restricted stock incentive plan for 2025, proposing to grant 94.5206 million shares, which accounts for 5% of the company's total share capital as of the announcement date [1] - The grant price for the restricted stock is set at 6.25 yuan per share [1] - The validity period of the incentive plan is from the date of the first grant of restricted stock until all granted restricted stocks are fully released from restrictions or repurchased and canceled, with a maximum duration of 60 months [1]

Core Viewpoint - Wantong Development (600246.SH) has announced a draft for a restricted stock incentive plan for 2025, proposing to grant 94.5206 million shares, which represents 5% of the company's total share capital as of the announcement date [1] Summary by Sections - **Incentive Plan Details** - The number of restricted shares to be granted is 94.5206 million [1] - The grant price is set at 6.25 yuan per share [1] - The effective period of the incentive plan lasts from the date of the first grant of restricted shares until all shares are either released from restrictions or repurchased, with a maximum duration of 60 months [1]

Group 1 - The company, Wantong Development, announced an incentive plan involving 10,600 employees, with 106 individuals being the initial recipients of restricted stock [1] - The total number of restricted shares to be granted is approximately 94.52 million, accounting for 5% of the company's total share capital of about 1.89 billion shares [1] - The grant price for the restricted shares is set at 6.25 yuan per share, with a maximum validity period of 60 months from the date of the initial grant [1] Group 2 - For the first half of 2025, Wantong Development's revenue composition is as follows: 50.37% from property leasing and 49.63% from real estate sales [1] - As of the report date, the market capitalization of Wantong Development is 23.5 billion yuan [1]

Core Points - The company, Wantong Development, has announced a restricted stock incentive plan to grant 94.52 million shares to key management and technical personnel at its subsidiary, Shudao Technology, at a price of 6.25 yuan per share [1] - The incentive plan aims to align the interests of core talents with the long-term development goals of the company, enhancing innovation and market dynamics in the AI industry [3] - Shudao Technology is expected to achieve breakthroughs in internationally leading technology products and explosive revenue growth over the next three years [4] Summary by Sections Incentive Plan Details - The plan involves granting 79.40 million shares to 106 initial recipients, representing 84% of the total shares to be granted and 4.2% of the total share capital [1] - The remaining 15.12 million shares are reserved, accounting for 16% of the total shares to be granted and 0.8% of the total share capital [1] - The initial recipients include 17 core management personnel and 89 technical/business backbone employees, covering 63% of Shudao Technology's total workforce as of September 2025 [1] Performance Targets - The incentive plan includes dual assessment indicators based on product development, production progress, and annual revenue targets for Shudao Technology [2] - Revenue targets for the assessment years are set at no less than 600 million yuan, 1.2 billion yuan, and 1.6 billion yuan, with a compound growth rate of 63.3% [2] - Specific product development milestones include achieving product standards and mass production for PCIe5.0, PCIe6.0, and PCIe7.0/CXL4.0 switch chips [2] Strategic Goals - The incentive plan is designed to attract and retain core technical talents in chip design and high-speed interconnect fields, promoting a focus on long-term goals and reducing short-term behaviors [3] - The company aims to increase market share for its PCIe5.0/6.0 switch chips and achieve strategic transformation [3]

3、激励对象因个人原因自愿放弃获授权益的，由董事会对授予数量作相应调整，激励对象在认购限制 性股票时因资金不足可以相应减少认购限制性股票数额； 北京万通新发展集团股份有限公司 2025 年限制性股票激励计划激励对象名单 | 激励对象 | 获授限制性股 票数量（股） | 占授予限制性股 票总量的比例 | 占本激励计划 公告日公司股 本总额的比例 | | --- | --- | --- | --- | | 一、首次授予部分 | | | | | 1、数渡科技核心管理人员 | | | | | 数渡科技核心管理人员（17 人） | 48,487,324 | 51.3% | 2.57% | | 2、数渡科技其他激励对象 | | | | | 董事会认为需要激励的数渡科技 | 30,910,000 | 32.7% | 1.63% | | 技术/业务骨干人员（89 人） | | | | | 首次授予限制性股票数量合计 | 79,397,324 | 84% | 4.2% | | 二、预留授予部分 | 15,123,300 | 16% | 0.8% | | 合计 | 94,520,624 | 100% | 5% | 本计划授予的限 ...

北京万通新发展集团股份有限公司 2025 年限制性股票激励计划（草案）摘要公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 股权激励方式：限制性股票 证券代码：600246 证券简称：万通发展 公告编号：2025-086 股份来源：北京万通新发展集团股份有限公司（以下简称"公司"）向激 励对象定向发行的本公司人民币 A 股普通股股票。 本激励计划拟授予激励对象的限制性股票数量为 94,520,624 股，占本激励 计划草案公告日公司股本总额 1,890,412,476 股的 5%。其中首次授予 79,397,324 股，占拟授予限制性股票总数的 84%，占总股本 4.2%；预留 15,123,300 股，占 拟授予限制性股票总数的 16%，占总股本 0.8%。 一、公司基本情况 （一）公司简介 公司名称：北京万通新发展集团股份有限公司 注册地址：北京市怀柔区雁栖经济开发区雁栖大街 53 号院 13 号楼 01-318-10 室 成立日期：1998 年 12 月 30 日 上市日期：2000 年 9 月 22 ...

北京万通新发展集团股份有限公司 二〇二五年十一月 北京万通新发展集团股份有限公司 2025 年限制性股票激励计划（草案） 证券简称：万通发展 证券代码：600246 北京万通新发展集团股份有限公司 2025 年限制性股票激励计划 （草案） 声明 本公司董事会及全体董事保证本激励计划及其摘要不存在虚假记载、误导性 陈述或重大遗漏，并对其真实性、准确性、完整性承担个别和连带的法律责任。 一、《北京万通新发展集团股份有限公司 2025 年限制性股票激励计划（草案）》 系依据《中华人民共和国公司法》、《中华人民共和国证券法》、《上市公司股权激 励管理办法》和其他有关法律、法规、规范性文件，以及《公司章程》制订。 二、本激励计划采取的激励工具为限制性股票（指第一类限制性股票，下同）。 股份来源为公司向激励对象定向发行的本公司人民币 A 股普通股股票。 三、本激励计划拟授予激励对象的限制性股票数量为 94,520,624 股，占本激励计 划草案公告日公司股本总额 1,890,412,476 股的 5%。其中首次授予 79,397,324 股， 占拟授予限制性股票总数的 84%，占总股本 4.2%；预留 15,123,30 ...

关于北京万通新发展集团股份有限公司 2025年限制性股票激励计划（草案） 之 北京市金杜（南京）律师事务所 本法律意见书仅供公司为实行本次激励计划之目的使用，不得用作任何其他目 的。金杜同意公司在其为实行本次激励计划所制作的相关文件中引用本法律意见书 的相关内容，但公司作上述引用时，不得因引用而导致法律上的歧义或曲解，金杜 有权对上述相关文件的相应内容再次审阅并确认。 金杜及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》和 《律师事务所证券法律业务执业规则（试行）》等规定及本法律意见书出具之日以 前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信用原 则，进行了充分的核查验证，保证本法律意见书所认定的事实真实、准确、完整， 所发表的结论性意见合法、准确，不存在虚假记载、误导性陈述或者重大遗漏，并 承担相应法律责任。 金杜仅就与公司本次激励计划相关的法律问题发表意见，且仅根据中华人民共 和国境内（以下简称"中国境内"，为本法律意见书之目的，不包括中国香港特别 行政区、中国澳门特别行政区和中国台湾省）现行法律法规发表法律意见，并不依 据任何中国境外法律发表法律意见。金杜不对公司本次 ...