EMPTECH(SZ:300546) Zheng Quan Zhi Xing·2025-05-13 12:42Summary of Key Points Core Viewpoint - The announcement details the achievement of the first vesting conditions for the 2024 Restricted Stock Incentive Plan of Shenzhen Xiongdi Technology Co., Ltd, allowing for the vesting of 1,208,000 shares to eligible participants [1][9][19]. Group 1: Incentive Plan Overview - The total number of restricted shares to be vested is 1,208,000 shares, which represents 1.78% of the company's total share capital as of the announcement date [1][19]. - The plan was approved on March 29, 2024, and the initial grant consisted of 3,030,000 shares, accounting for 91.82% of the total grant under the plan [1][19]. - The vesting conditions include performance targets based on revenue growth and net profit for the years 2024 to 2026 [4][10]. Group 2: Vesting Conditions and Performance Targets - For the first vesting period, the revenue growth rate must be no less than 20% compared to 2023, and the net profit must turn positive in 2024 [4][10]. - The second vesting period requires a revenue growth rate of at least 40% in 2025, with a net profit of no less than 20 million yuan [4][5]. - The third vesting period mandates a revenue growth rate of at least 60% in 2026, with a net profit of no less than 40 million yuan [4][5]. Group 3: Eligible Participants and Performance Assessment - A total of 63 eligible participants will receive the vested shares, with one participant disqualified due to resignation [9][16]. - The performance assessment for individual participants is categorized into five levels, with all eligible participants achieving an A+ rating, resulting in a 100% vesting ratio for the first period [11][16]. - The company’s board confirmed that all vesting conditions were met, allowing for the full vesting of the shares [9][19]. Group 4: Financial Impact and Share Capital Changes - Following the vesting, the company's total share capital will increase from 185,524,691 shares to 186,732,691 shares, which may affect financial metrics such as earnings per share and return on equity [19][20]. - The company anticipates that the vesting will not have a significant impact on its financial condition or operational results, nor will it alter the ownership structure significantly [19][20].