Group 1 - The core viewpoint of the news is that Yuhuan CNC has shown significant stock performance and financial metrics, indicating potential investment interest [1][2]. - As of September 8, Yuhuan CNC's stock price increased by 2.00% to 23.93 CNY per share, with a total market capitalization of 3.728 billion CNY [1]. - The company has experienced a year-to-date stock price increase of 47.99%, with notable gains over various trading periods: 4.41% in the last 5 days, 9.17% in the last 20 days, and 26.35% in the last 60 days [1]. Group 2 - Yuhuan CNC's main business involves the research, production, sales, and service of CNC grinding equipment and intelligent equipment, with revenue contributions from various segments: 47.24% from CNC polishing machines, 23.78% from CNC grinders, 13.48% from pullers, and 2.95% from intelligent equipment [1]. - The company belongs to the mechanical equipment industry, specifically in the general equipment and machine tool sector, and is associated with concepts such as new industrialization and QFII holdings [2]. - For the first half of 2025, Yuhuan CNC reported revenue of 224 million CNY, reflecting a year-on-year growth of 11.74%, while the net profit attributable to the parent company was 2.6488 million CNY, a decrease of 53.55% year-on-year [2]. Group 3 - Since its A-share listing, Yuhuan CNC has distributed a total of 157 million CNY in dividends, with 66.476 million CNY distributed over the past three years [3].

Core Viewpoint - The independent financial advisor has issued a report on the restrictive stock incentive plan of Yuhuan CNC, confirming its compliance with relevant laws and regulations, and asserting that the plan is feasible and beneficial for the company's sustainable development [5][6][19]. Group 1: Compliance and Feasibility - The independent financial advisor confirms that Yuhuan CNC does not fall under any prohibitive conditions for implementing stock incentives as per the Management Measures [5]. - The advisor has conducted thorough investigations and reviews of relevant documents, ensuring the authenticity and completeness of the information provided by Yuhuan CNC [2][3]. - The advisor believes that the incentive plan's operational procedures are feasible and comply with the relevant regulations [6]. Group 2: Incentive Plan Details - The total number of restricted stocks to be granted under the incentive plan is 1,040,000 shares, accounting for 0.67% of the company's total share capital [11]. - The grant price for the restricted stocks is set at 11.46 yuan per share, which is in accordance with the pricing regulations [13][14]. - The incentive plan includes a comprehensive performance assessment system that considers both company-level and individual-level performance metrics [22][24]. Group 3: Performance Assessment and Impact - The performance targets for the incentive plan are based on the revenue growth rates of the subsidiary, Southern Machine Tool, with expected growth rates of no less than 30%, 60%, and 100% for the years 2025 to 2027 [23]. - The advisor emphasizes that the implementation of the stock incentive plan will positively impact the company's operational capabilities and shareholder interests, aligning the interests of management with those of shareholders [19][20]. - The performance assessment system is designed to be sustainable, comprehensive, and operable, ensuring that the incentive plan meets its objectives effectively [24].

Core Viewpoint - The independent financial advisor report on the 2025 Restricted Stock Incentive Plan of Yuhuan CNC Machine Tool Co., Ltd. confirms that the plan complies with relevant laws and regulations, and it is deemed feasible and beneficial for the company's sustainable development [4][41][18]. Group 1: Compliance and Feasibility - The company does not fall under any prohibitive conditions for implementing the stock incentive plan as per the Management Measures [4][40]. - The independent financial advisor has conducted thorough investigations and confirmed that the plan's provisions align with the Company Law, Securities Law, and relevant regulations [5][40]. - The plan's operational procedures are deemed feasible, and the outlined matters comply with the Management Measures [5][11]. Group 2: Incentive Object and Allocation - The incentive objects are determined based on legal qualifications and are all employees of the subsidiary Hunan Southern Machine Tool Co., Ltd. [8][43]. - The total number of restricted stocks to be granted is 1,040,000 shares, accounting for 0.67% of the company's total share capital [10][11]. - The allocation of stock incentives ensures that no single incentive object receives more than 1% of the total share capital [11][10]. Group 3: Pricing and Financial Support - The grant price for the restricted stocks is set at 11.46 yuan per share, which meets the regulatory requirements [12][13]. - The plan explicitly states that the company will not provide any financial assistance to the incentive objects, ensuring the protection of the company's interests [14][41]. Group 4: Performance Assessment - The performance assessment system includes both subsidiary-level and individual-level evaluations, with specific revenue growth targets set for the subsidiary [21][22]. - The performance indicators are designed to be reasonable and scientifically based, promoting the company's high-quality development [21][22]. Group 5: Approval Process - The plan has been approved by the company's board of directors and supervisory board, and it will be submitted for approval at the upcoming shareholders' meeting [39][42]. - The necessary procedures for the plan's implementation have been followed, ensuring compliance with legal and regulatory requirements [15][41].

宇环数控（002903）(002903.SZ)披露2025年限制性股票激励计划(草案)，公司拟向激励对象(总人数为 37人)授予限制性股票104万股，授予价格为11.46元/股。本激励计划有效期为自限制性股票授予登记完 成之日起至激励对象获授的限制性股票全部解除限售或回购注销完毕之日止，最长不超过48个月。 ...

宇环数控机床股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 宇环数控机床股份有限公司（以下简称"公司"）第五届董事会第七次会议于 结合的方式已于 2025 年 9 月 5 日向各位董事发出，本次会议应出席董事 7 名，实际 出席董事 7 名，本次会议的召开符合《公司法》等有关法律、法规及《公司章程》 的规定。 一、审议通过了《关于公司<2025 年限制性股票激励计划（草案）>及摘要的议案》 《宇环数控机床股份有限公司 2025 年限制性股票激励计划（草案）》及其摘要 具体内容详见巨潮资讯网（www.cninfo.com.cn）。 表决结果：有效表决票 7 票，同意票 7 票，反对票 0 票，弃权 0 票。 本议案已经公司第五届董事会薪酬与考核委员会第三次会议审议通过。 本项议案尚需提请公司 2025 年第一次临时股东大会审议通过。 二、审议通过了《关于公司<2025 年限制性股票激励计划实施考核管理办法>的议案》 《宇环数控机床股份有限公司 2025 年限制性股票激励计划实施考核管理办法》 具体内容详见巨潮资讯网（www.cninfo.com.c ...

Core Viewpoint - The company has conducted a review of its 2025 Restricted Stock Incentive Plan, confirming its compliance with relevant laws and regulations, and is set to submit the plan for shareholder approval [2][3][4]. Group 1: Review of the 2025 Restricted Stock Incentive Plan - The company meets the qualifications to implement the stock incentive plan, as it has not received any negative or unqualified audit opinions in the last fiscal year [2][3]. - The plan's formulation and review process adhere to the requirements of the Company Law, Securities Law, and relevant regulations, ensuring that the interests of the company and all shareholders are not compromised [3][4]. - The plan will be subject to approval at the company's shareholder meeting before implementation [3][5]. Group 2: Implementation and Management of the Incentive Plan - The assessment indicators for the plan are designed to be scientific, reasonable, comprehensive, and operational, ensuring effective management and alignment with the company's governance structure [4]. - The plan aims to create a value distribution system that enhances management efficiency and supports sustainable development without harming the interests of the company and its shareholders [4]. Group 3: Eligibility of Incentive Plan Participants - The incentive plan is limited to the company's formal employees and excludes independent directors, supervisors, and major shareholders or their immediate family members [5]. - The eligibility criteria for participants comply with the relevant laws and regulations, ensuring that only qualified individuals are included in the incentive plan [5].

Core Viewpoint - The company has approved a restricted stock incentive plan for 2025, which aims to align the interests of management and shareholders, enhance operational efficiency, and support sustainable development [1][2]. Group 1: Approval of Incentive Plan - The Supervisory Board has reviewed and approved the draft of the 2025 Restricted Stock Incentive Plan, confirming that the company meets the qualifications for implementing such a plan [1]. - The plan's provisions comply with relevant laws and regulations, ensuring no infringement on the interests of the company and its shareholders [1][2]. - The voting results for the plan were unanimous, with 3 votes in favor and no opposition [2]. Group 2: Assessment and Management Guidelines - The Supervisory Board has also approved the management guidelines for the implementation of the 2025 Restricted Stock Incentive Plan, which are deemed to be scientifically and reasonably structured [2][3]. - The assessment criteria are comprehensive and operational, aimed at motivating employees and enhancing corporate governance [2][3]. Group 3: Verification of Incentive Recipients - The Supervisory Board has verified the list of proposed recipients for the incentive plan, confirming that all candidates meet the necessary qualifications as per legal and regulatory requirements [3]. - The recipients will be company employees and will not include independent directors, supervisors, or major shareholders [3][4]. - The company will publicly disclose the names and positions of the incentive recipients prior to the shareholders' meeting [3].

Meeting Information - The company will hold its first extraordinary general meeting of shareholders in 2025 on September 26, 2025, at 14:30 [1] - The meeting will combine on-site voting and online voting [1] - The online voting period is from September 26, 2025, 9:15 to 15:00 [1] Voting Procedures - Shareholders can attend the meeting in person or authorize others to attend on their behalf [2] - Voting can be conducted through the Shenzhen Stock Exchange trading system or the internet voting system [2] - Only one voting method can be chosen for each voting right, and duplicate votes will be disregarded [2] Eligibility and Registration - Shareholders must hold shares by the registration date of September 19, 2025, to attend the meeting [2] - Personal shareholders must present valid identification, while corporate shareholders must provide proof of their legal representative status [4] - Registration for the meeting can be done in person or via mail/fax by September 25, 2025 [4] Agenda Items - The meeting will discuss the proposal to authorize the board of directors to handle matters related to the 2025 restricted stock incentive plan [3] - The proposal requires approval from more than two-thirds of the voting rights present [3] Additional Information - Detailed voting procedures for online participation are provided in the attachments [5] - The company has made provisions for proxy voting and has included necessary forms for authorization [8][9]

Core Viewpoint - The company has developed a stock incentive plan to enhance governance structure and motivate core talents for sustainable development and achievement of business goals [1][2]. Group 1: Assessment Objectives and Principles - The assessment aims to improve corporate governance and establish an incentive mechanism to ensure the successful implementation of the stock incentive plan [1]. - The evaluation will adhere to principles of fairness, transparency, and objectivity, linking the stock incentive plan closely with the performance and contributions of the incentivized individuals [1][2]. Group 2: Applicable Scope and Assessment Organization - The plan applies to all participants in the stock incentive program [1]. - The Board's Compensation and Assessment Committee will lead and organize the assessment, while the Human Resources Department will implement the assessment [1][2]. Group 3: Assessment Indicators and Requirements - The performance assessment will be conducted annually from 2025 to 2027, with specific revenue growth targets set for each year based on the 2024 revenue of Southern Machine Tool [2][3]. - The targets are: a minimum of 30% growth for 2025, 60% for 2026, and 100% for 2027 [2]. Group 4: Individual Performance Assessment - Individual performance assessments will determine the extent to which stock can be released, contingent upon meeting company-level performance targets [3][4]. - Performance will be categorized into three levels: excellent, qualified, and unqualified, with corresponding coefficients affecting the release of stocks [4]. Group 5: Assessment Procedures and Results Management - The company will conduct assessments annually, with the Human Resources Department organizing the process and submitting reports to the Board's Compensation and Assessment Committee [5]. - Assessment results will serve as the basis for stock release, and any disputes can be appealed within a specified timeframe [5]. Group 6: Record Keeping and Amendments - The Human Resources Department will archive all assessment records confidentially, ensuring the integrity of performance records [5]. - The Board is responsible for the formulation, interpretation, and revision of the assessment guidelines, which will take precedence over any conflicting regulations [5].

Core Viewpoint - The legal opinion letter from Hunan Qiyuan Law Firm confirms that Yuhuan CNC Machine Tool Co., Ltd. is qualified to implement its 2025 restricted stock incentive plan, which complies with relevant laws and regulations [1][7][13] Group 1: Company Qualification - Yuhuan CNC is a legally established and compliant listed company, having publicly issued 25 million shares on September 26, 2017, and listed on the Shenzhen Stock Exchange [5][6] - The company does not have any circumstances that would prevent it from implementing the stock incentive plan, as confirmed by a standard unqualified audit report [6][7] Group 2: Legality and Compliance of the Incentive Plan - The incentive plan includes detailed provisions on objectives, management, eligibility, stock sources, pricing, and conditions for granting and lifting restrictions, meeting the requirements of the regulatory framework [7][8] - The plan specifies that the eligible participants are 37 core technical management personnel and key employees from its subsidiary, Hunan Southern Machine Tool Co., Ltd., excluding certain disqualified individuals [8][9] Group 3: Legal Procedures - The company has completed necessary procedures for the incentive plan, including board and supervisory committee approvals [10][11] - The plan still requires additional legal procedures, such as public disclosure and shareholder voting, before implementation [11][12] Group 4: Information Disclosure - The company has fulfilled its information disclosure obligations related to the incentive plan, including board resolutions and plan drafts [12][13] - There are no violations in the disclosure of information regarding the incentive plan [12][13] Group 5: Financial Assistance and Impact - The company has confirmed that it will not provide financial assistance to participants in the incentive plan, aligning with regulatory requirements [12][13] - The plan does not harm the interests of the company or its shareholders, ensuring that shareholder voting rights are respected [12][13]