Shengquan Group(SH:605589) Shang Hai Zheng Quan Bao·2025-04-09 19:19Core Viewpoint - The announcement details the second unlock period of the 2022 restricted stock incentive plan for Jinan Shengquan Group Co., Ltd, allowing 600 eligible participants to unlock a total of 2,332,500 shares, which represents 0.28% of the company's total share capital, effective April 15, 2025 [4][14][15]. Group 1: Incentive Plan Overview - The stock listing type is for equity incentive shares, with a total of 2,332,500 shares to be listed [2][3]. - The second unlock period conditions have been met, allowing the release of 233,250 shares for 600 participants [4][14]. - The incentive plan was approved through various board and shareholder meetings held in September 2022, with independent directors and legal opinions supporting the process [5][6][7]. Group 2: Historical Grant and Unlock Conditions - The initial grant of the restricted stock occurred on September 22, 2022, with a total of 8,100,000 shares granted to 635 participants [7][13]. - The second unlock period for the initial grant ended on November 13, 2024, meeting the necessary conditions for unlocking [14]. - The company has a structured process for handling the shares of departed employees, including buyback provisions for unvested shares [10][11]. Group 3: Stock Flow and Restrictions - The unlocked shares will be available for trading starting April 15, 2025 [15]. - There are specific transfer restrictions for directors and senior management, including limits on the percentage of shares that can be sold annually and conditions for trading within six months of buying or selling shares [17]. - The company will continue to comply with legal and regulatory requirements regarding stock transfers and incentive plans [17][19].