Market Overview - The beverage and dairy sector increased by 0.46% compared to the previous trading day, with San Yuan Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Stock Performance - San Yuan Co., Ltd. (600429) closed at 6.01, up 3.80% with a trading volume of 1.1457 million shares and a turnover of 691 million yuan [1] - Junyuan Health (605388) closed at 7.86, up 2.21% with a trading volume of 211,100 shares and a turnover of 166 million yuan [1] - Panda Dairy (300898) closed at 28.51, up 1.75% with a trading volume of 67,100 shares and a turnover of 191 million yuan [1] - New Dairy (002946) closed at 17.83, up 1.71% with a trading volume of 67,500 shares and a turnover of 119 million yuan [1] - Yangyuan Beverage (603156) closed at 28.27, up 1.58% with a trading volume of 86,900 shares and a turnover of 244 million yuan [1] - Yili Group (600887) closed at 29.58, up 0.20% with a trading volume of 630,400 shares and a turnover of 1.87 billion yuan [1] Capital Flow - The beverage and dairy sector experienced a net outflow of 6.8937 million yuan from institutional investors, while retail investors saw a net inflow of 40.3808 million yuan [2] - The capital flow for key stocks indicates varying trends, with Yili Group seeing a net inflow of 54.2414 million yuan from institutional investors [3] - Yangyuan Beverage had a net outflow of 43.5322 million yuan from retail investors, despite a net inflow of 36.7944 million yuan from institutional investors [3]

Core Viewpoint - Panda Dairy (300898.SZ) has approved adjustments to its fundraising projects, expanding capacity and changing the use of raised funds [1] Group 1: Project Adjustments - The company has decided to adjust the investment scale of the "Ding'an 5,000 tons per year food raw material project," increasing its capacity to 10,000 tons per year [1] - The name of the project has been changed from "Ding'an 5,000 tons per year food raw material project" to "Ding'an 10,000 tons per year food raw material project" [1] Group 2: Fund Allocation Changes - The company will reallocate 20 million yuan of the originally planned investment for the "Cangnan 30,000 tons concentrated dairy product production project" to the "Ding'an 10,000 tons food raw material project" [1] - An additional investment of 20 million yuan will be made to its wholly-owned subsidiary, Hainan Yeda Food Technology Co., Ltd., for the implementation of the project [1]

Core Viewpoint - Panda Dairy (300898.SZ) has approved adjustments to its fundraising projects, expanding capacity and changing the use of raised funds [1] Group 1: Project Adjustments - The company has decided to adjust the investment scale of the "Ding'an 5,000 tons food raw material project" and expand its capacity to 10,000 tons [1] - The name of the project has been changed from "Ding'an 5,000 tons food raw material project" to "Ding'an 10,000 tons food raw material project" [1] Group 2: Fund Allocation Changes - The company will reallocate 20 million yuan of the originally planned investment for the "Cangnan 30,000 tons concentrated dairy product production project" to the newly expanded Ding'an project [1] - An additional investment of 20 million yuan will be made to Hainan Yeda Food Technology Co., Ltd., one of the project's implementing entities [1]

Core Viewpoint - Panda Dairy (300898.SZ) has disclosed a draft for its 2025 restricted stock incentive plan, proposing to grant a total of 1.681 million shares at a price of 14.12 yuan per share to 26 incentive recipients [1] Summary by Categories Incentive Plan Details - The incentive plan involves granting a total of 1.681 million restricted shares [1] - The grant price is set at 14.12 yuan per share [1] - The plan is valid from the date of grant until all shares are vested or become void, with a maximum duration of 36 months [1]

Core Viewpoint - Panda Dairy (300898.SZ) has disclosed a draft for its 2025 restricted stock incentive plan, aiming to enhance employee motivation and retention through stock ownership [1] Group 1: Incentive Plan Details - The company plans to grant a total of 1.681 million restricted shares [1] - The grant price is set at 14.12 yuan per share [1] - A total of 26 individuals will be the recipients of this incentive plan [1] Group 2: Plan Duration - The effective period of the incentive plan will last from the date of stock grant until all shares are vested or become invalid, with a maximum duration of 36 months [1]

Group 1 - The core point of the announcement is that Panda Dairy has launched an incentive plan granting 1.681 million restricted shares to 26 individuals, representing 1.36% of the company's total share capital of 124 million shares [1] - The grant price for the restricted shares is set at 14.12 yuan per share, and the shares will be valid for a maximum of 36 months from the date of grant [1] - In terms of revenue composition for 2024, 99.4% of Panda Dairy's revenue is expected to come from the dairy sector, with other businesses contributing only 0.6% [1] Group 2 - As of the latest update, Panda Dairy's market capitalization stands at 3.5 billion yuan [2]

| 序 | | 是否存在该 | | | --- | --- | --- | --- | | 号 | 事项 | 事项（是/ | 备注 | | | | 否/不适用） | | | | 上市公司合规性要求 | | | | | 最近一个会计年度财务会计报告是否被注册会计师出具否定意见 | | | | 1 | | 否 | | | | 或者无法表示意见的审计报告 | | | | 2 | 最近一个会计年度财务报告内部控制被注册会计师出具否定意见 | 否 | | | | 或者无法表示意见的审计报告 | | | | | 上市后最近 36 个月内出现过未按法律法规、公司章程、公开承 | | | | 3 | 诺进行利润分配的情形 | 否 | | | 4 | 是否存在其他不适宜实施股权激励的情形 | 否 | | | 5 | 是否已经建立绩效考核体系和考核办法 | 是 | | | 6 | 是否为激励对象提供贷款以及其他任何形式的财务资助 | 否 | | | | 激励对象合规性要求 | | | | | | | 包 括外 籍 | | | 是否包括单独或者合计持有上市公司 5%以上股份的股东或者实 | | 员 工， 已 | | 7 | 际控制 ...

证券代码：300898 证券简称：熊猫乳品 熊猫乳品集团股份有限公司 2025年限制性股票激励计划 （草案） 二〇二五年十一月 声明 本公司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、准确性和完整性依法承担法律责任。 本公司所有激励对象承诺，若公司因本次激励计划信息披露文件中有虚假记 载、误导性陈述或者重大遗漏，导致不符合授予权益或权益归属安排的，激励对象 自相关信息披露文件被确认存在虚假记载、误导性陈述或者重大遗漏后，将由本激励 计划所获得的全部利益返还公司。 1 特别提示 一、《熊猫乳品集团股份有限公司2025年限制性股票激励计划（草案）》（以下 简称"本激励计划"）由熊猫乳品集团股份有限公司（以下简称"熊猫乳品"、"公 司"或"本公司"）根据《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》《深圳证券交易所创业板股票上市规则》《深圳证券交 易所创业板上市公司自律监管指南第1号——业务办理》等有关法律、法规、规范性 文件，以及《熊猫乳品集团股份有限公司章程》有关规定制定。 二、本激励计划采取的激励工具为限制性股票（第二类限制性股票） ...

熊猫乳品集团股份有限公司 董事会薪酬与考核委员会关于 2025 年限制性股票激励计划 相关事项的审核意见 熊猫乳品集团股份有限公司（以下简称"公司"）第四届董事会薪酬与考核 委员会第三次会议（以下简称"薪酬与考核委员会"）就公司 2025 年限制性股票 激励计划相关事项发表如下审核意见： 1、关于《2025 年限制性股票激励计划（草案）》及其摘要的审核意见 3、对《2025 年限制性股票激励计划激励对象名单》的审核意见 经认真审议，薪酬与考核委员会认为：列入公司 2025 年限制性股票激励计 划激励对象名单的人员具备《中华人民共和国公司法》《中华人民共和国证券法》 等法律、行政法规和规范性文件及《公司章程》规定的任职资格，不存在最近 12 个月内被证券交易所认定为不适当人选的情形；不存在最近 12 个月内被中国 证监会及其派出机构认定为不适当人选的情形；不存在最近 12 个月内因重大违 法违规行为被中国证监会及其派出机构行政处罚或者采取市场禁入措施的情形； 不存在具有《中华人民共和国公司法》规定的不得担任公司董事、高级管理人员 的情形；不存在具有法律法规规定不得参与上市公司股权激励的情形；拟激励对 象均为公司 ...

注：上表中数值若出现总数与各分项数值之和尾数不符，均为四舍五入原因所致。 | 序号 | 姓名 | 职务 | | --- | --- | --- | | 1 | 林*仙 | 董事会认为需要激励的其他人员 | | 2 | 米*磊 | 董事会认为需要激励的其他人员 | | 3 | 上官*宁 | 董事会认为需要激励的其他人员 | | 4 | 米*宁 | 董事会认为需要激励的其他人员 | | 5 | 梁*排 | 董事会认为需要激励的其他人员 | | 6 | 曾*仕 | 董事会认为需要激励的其他人员 | | 7 | 温*文 | 董事会认为需要激励的其他人员 | | 8 | 蒋*宗 | 董事会认为需要激励的其他人员 | | 9 | 陈*越 | 董事会认为需要激励的其他人员 | 二、董事会认为需要激励的其他人员名单 熊猫乳品集团股份有限公司 序号 姓名 职务 国籍 获授第二类限 制性股票数量 （万股） 占本计划拟授 予权益总量的 比例 占本计划公告 日股本总额的 比例 一、董事、高级管理人员 1 吴震宇 副总经理 中国 13.60 8.09% 0.11% 2 占东升 董事、副总经理 中国 13.30 7.91% 0.11% ...