AT&M(SZ:000969) Shang Hai Zheng Quan Bao·2025-05-08 19:59Core Viewpoint - The company has announced the completion of the first unlock period for its restricted stock incentive plan, allowing 221 eligible participants to unlock a total of 7,665,900 shares, which represents 0.73% of the company's total share capital, effective from May 13, 2025 [2][12]. Summary by Sections Incentive Plan Details - The first unlock period for the restricted stock incentive plan has been achieved, with 221 eligible participants and 7,665,900 shares available for unlocking [2][10]. - The unlock date for these shares is set for May 13, 2025 [3][12]. Approval Process - The company held multiple board and supervisory meetings to approve the incentive plan and its related documents, including the management methods and assessment criteria [4][6]. - The plan received approval from the State-owned Assets Supervision and Administration Commission in February 2023 [4][5]. Historical Context - The initial grant of restricted stocks was completed on May 5, 2023, with a total of 23.3 million shares granted to 222 participants [7][10]. - Adjustments were made to the incentive plan, including the removal of certain benchmark companies and the repurchase of shares due to the death of one participant [11][12]. Unlock Conditions - The first unlock period lasts from May 5, 2023, to May 4, 2025, with the first unlock date being May 6, 2025 [9][10]. - The board confirmed that all conditions for unlocking the shares have been met [10]. Share Structure Changes - Following the unlocking of shares, the company's total share capital will be adjusted accordingly, with the current total being 1,050,718,097 shares after previous repurchases [8][12].