Group 1: Business Model and Market Position - The company customizes signal magnetic components based on specific customer needs, enhancing customer retention and reducing supplier switching costs [2] - The company has achieved mass production of high-speed network transformers, including 2.5G, 5G, and 10G models, with the 10G Ethernet transformer being one of the fastest in the industry [2][3] - The company has over 20 years of experience in the network transformer sector, covering a wide range of products from 6PIN to 96PIN and from 100Mbps to 10Gbps, which has solidified its market position [3] Group 2: Challenges in Power Magnetic Components - The power magnetic components market is vast, but the company faces challenges due to price pressures from downstream customers and the need for small-batch, customized products [3] - The automotive sector imposes strict requirements for power density, efficiency, safety, and durability, leading to lengthy and costly certification processes for new products [3] - The company is gradually gaining recognition in the power magnetic components market, successfully entering core applications such as AI server power supplies and data centers [3] Group 3: Product Applications and Future Prospects - The company's products are applicable in servers, industrial robots, and data centers, having received certifications from significant international and domestic clients [3][4] - The company is leveraging new manufacturing techniques for integrated inductors aimed at the mid-to-high-end market, which is currently dominated by foreign manufacturers [4] - With the establishment of new production capacities in the Bay Area and Thailand, the company is positioned to meet increasing market demand and enhance its market share [4]

Group 1 - The core point of the article is that Meixin Technology announced the approval of adjustments to the list of incentive objects and the number of restricted stock grants for its 2025 incentive plan during the third meeting of its fourth board of directors [2] Group 2 - The announcement indicates a strategic move by the company to modify its incentive plan, which may impact employee motivation and retention [2] - The adjustments to the incentive plan reflect the company's ongoing efforts to align its compensation structure with performance goals [2] - This decision may also signal the company's commitment to enhancing shareholder value through effective management of its human resources [2]

Core Points - The company, Meixin Technology, announced that it will hold the third meeting of the fourth board of directors on September 4, 2025, to review the proposal for the initial grant of restricted stock to incentive objects [1] - The conditions for granting restricted stock to the designated incentive objects have been fulfilled, and the initial grant date is set for September 4, 2025 [1] - A total of 769,500 shares of restricted stock will be granted at a price of 30.63 yuan per share to 51 incentive objects [1]

（编辑 任世碧） 证券日报网讯 9月4日晚间，美信科技发布公告称，公司于2025年9月4日召开第四届董事会第三次会 议，审议通过了《关于调整2025年限制性股票激励计划首次授予激励对象名单及授予数量的议案》。鉴 于《广东美信科技股份有限公司2025年限制性股票激励计划（草案）》拟定的首次授予激励对象中，有 4名激励对象因个人原因自愿放弃获授的全部限制性股票，1名激励对象放弃获授的部分限制性股票，公 司董事会根据股东会的授权进行调整。调整后，首次授予激励对象人数由55人调整为51人，首次授予总 量由80万股调整为76.95万股，预留授予数量保持不变。 ...

广东美信科技股份有限公司 （以下简称"《激励计划（草案）》"或"本次激 董事会薪酬与考核委员会关于2025年限制性股票激励计划 首次授予激励对象名单（首次授予日）的核查意见 根据《中华人民共和国公司法》 （以下简称" 《公司法》"）、 《中华人民共和国 证券法》《深圳证券交易所创业板股票上市规则》和《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》 《上市公司股权激励管理办法》 （以下 简称"《管理办法》"）及《公司章程》等法律、法规、规范性文件的规定，广东 美信科技股份有限公司（以下简称"公司"）董事会薪酬与考核委员会对公司《2025 年限制性股票激励计划（草案）》 励计划"）首次授予激励对象名单进行了核实并发表意见如下： 因个人原因自愿放弃获授的全部限制性股票，1 名激励对象放弃获授的部分限制 性股票，公司董事会根据股东会的授权进行调整。调整后，首次授予激励对象人 数由 55 人调整为 51 人，首次授予总量由 80 万股调整为 76.95 万股，预留授予 数量保持不变。除上述调整内容外，本次实施的激励计划其他内容与公司 2025 年第二次临时股东会审议通过的激励计划一致。本次调整符合《 ...

Group 1 - The board of directors of Guangdong Meixin Technology Co., Ltd. held its third meeting of the fourth session on September 4, 2025, with all five directors present, and the meeting was conducted in accordance with legal and regulatory requirements [1][2]. - The board approved the adjustment of the initial grant of restricted stock under the 2025 Restricted Stock Incentive Plan, reducing the number of recipients from 55 to 51 and the total number of shares from 800,000 to 769,500 due to voluntary forfeitures by certain recipients [1][2]. - The board confirmed that the conditions for granting the incentive plan have been met and agreed to proceed with the initial grant of restricted stock to the adjusted list of recipients [2]. Group 2 - The adjustments made to the incentive plan do not affect other contents of the plan, which remain consistent with the previously approved plan by the company's second extraordinary general meeting in 2025 [2]. - The proposal was reviewed and approved by the board's remuneration and assessment committee, with one related director abstaining from the vote, resulting in a unanimous approval of 4 votes in favor [2]. - The company disclosed the details of the adjustments on the designated information disclosure website of the China Securities Regulatory Commission [2].

Core Viewpoint - The report outlines the implementation of the 2025 Restricted Stock Incentive Plan by Meixin Technology, detailing the adjustments made to the plan and the implications for shareholders and the company's financial performance [1][3][11]. Group 1: Incentive Plan Details - The 2025 Restricted Stock Incentive Plan involves granting restricted stocks to certain employees, including directors and senior management, with specific conditions for lifting the restrictions [1][3]. - The initial number of recipients was adjusted from 55 to 51, and the total number of shares granted was reduced from 800,000 to 769,500 due to voluntary forfeitures by some recipients [7][9]. - The first grant date for the restricted stocks is set for September 4, 2025, with a grant price of 30.63 yuan per share [9][10]. Group 2: Approval and Compliance - The plan has undergone necessary approvals, including board meetings and shareholder meetings, ensuring compliance with relevant laws and regulations [6][11]. - The independent financial advisor confirms that the adjustments and conditions of the incentive plan align with the requirements of the Company Law, Securities Law, and other regulatory guidelines [11]. Group 3: Financial Impact - The implementation of the incentive plan is expected to be accounted for in accordance with relevant accounting standards, with potential impacts on the company's financial status and operating results to be assessed in future audits [9][10].

Core Viewpoint - The legal opinion letter issued by Beijing Zhonglun (Shenzhen) Law Firm confirms that the adjustments and grants related to the 2025 Restricted Stock Incentive Plan of Guangdong Meixin Technology Co., Ltd. have obtained the necessary approvals and comply with relevant laws and regulations [1][12]. Group 1: Approval and Authorization of the Incentive Plan - On August 15, 2025, the company held its fourth board meeting and approved the draft of the 2025 Restricted Stock Incentive Plan and related matters [6]. - The company publicly announced the list of initial grant recipients from August 16 to August 25, 2025, with no objections received during the public notice period [6]. - On September 4, 2025, the company held a second extraordinary shareholders' meeting to approve the incentive plan and related matters [7]. Group 2: Specifics of the Adjustments - The initial list of 55 incentive recipients was adjusted to 51 due to voluntary forfeitures by 4 recipients and partial forfeiture by 1 recipient, resulting in a total grant of 769,500 shares instead of 800,000 shares [8]. Group 3: Granting Conditions and Compliance - The granting date was set for September 4, 2025, which is within 60 days following the approval of the incentive plan by the shareholders [9]. - The company confirmed that it does not fall under any disqualifying conditions for implementing the stock incentive plan as per the relevant regulations [10][11]. - The legal opinion concludes that the adjustments and grants comply with the Company Law, Securities Law, and other relevant regulations [12].

Summary of Key Points Core Viewpoint The announcement details the implementation of a stock incentive plan by Guangdong Meixin Technology Co., Ltd., which includes the granting of restricted stocks to selected employees, aimed at enhancing employee motivation and aligning their interests with the company's performance. Group 1: Stock Incentive Plan Overview - The restricted stock grant date is set for September 4, 2025, with a total of 769,500 shares to be granted at a price of 30.63 yuan per share [1][11]. - The total number of restricted stocks to be granted under this plan is 1,000,000 shares, representing approximately 0.45% of the company's total share capital of 44.26 million shares [2][11]. - The plan includes a reserved portion of 20% of the total grant amount [2]. Group 2: Grant Distribution and Recipients - The plan will initially grant restricted stocks to 51 individuals, down from 55 due to voluntary forfeitures by some recipients [10][11]. - The distribution of shares among key personnel includes specific allocations for executives and middle management, with the largest individual grants being 7,000 shares each to two deputy general managers [12][11]. Group 3: Vesting Schedule and Performance Conditions - The vesting period for the restricted stocks is set for a maximum of 60 months, with specific percentages of shares becoming available for sale at different intervals based on performance metrics [4][5]. - Performance targets for the vesting periods include revenue growth rates of 10%, 25%, and 40% for the years 2025, 2026, and 2027, respectively [5][6]. - If performance targets are not met, the company will repurchase the unvested shares at the grant price plus interest [8][14]. Group 4: Financial Implications and Compliance - The plan is expected to impact the company's financial statements, with stock-based compensation expenses being recognized over the vesting period [13][14]. - The company has confirmed compliance with relevant laws and regulations, ensuring that the grant conditions have been met [17][18].

广东美信科技股份有限公司 二、其他激励对象 | 预留部分 | 20.00 | 20.63% | 0.45% | | --- | --- | --- | --- | | 合计 | 96.95 | 100.00% | 2.19% | 注：1、上述任何一名激励对象通过全部有效的股权激励计划获授的本公司股票均未超过公司总股本的 1%。 实际控制人及其配偶、父母、子女。 委员会发表明确意见、律师发表专业意见并出具法律意见书后，公司在指定网站按要求及时披露激励对 象 相关信息。 （首次授予日） | 一、限制性股票激励计划的分配情况 | | | | | | | --- | --- | --- | --- | --- | --- | | | | | 获授限制性股票 | 占本计划授出限制性 | 占目前股本 | | 姓名 | 国籍 | 职务 | | | | | | | | 数量（万股） | 股票总数的比例 | 总额的比例 | | 一、董事、高级管理人员 | | | | | | | 赵海青 | 中国 | 副总经理 | 7.00 | 7.22% | 0.16% | | 王波 | 中国 | 副总经理 | 7.00 | 7.22% | ...