Summary of Key Points Core Viewpoint The announcement details the results of the second vesting period of the 2023 Restricted Stock Incentive Plan for Shanghai Zhaomin New Materials Technology Co., Ltd, indicating that the vesting conditions have been met and shares will be listed for trading. Group 1: Incentive Plan Overview - The company held meetings to approve the 2023 Restricted Stock Incentive Plan, which was initially granted on March 20, 2023, with a grant price of 15.25 yuan per share [1][14]. - The total number of restricted shares granted was adjusted from 330,000 to 594,000 shares, with the final grant price set at 5.21 yuan per share [14][25]. - The plan includes 35 middle management and core technical personnel as recipients, with a total of 41,000 shares allocated [1][2]. Group 2: Vesting Conditions and Results - The second vesting period for the restricted shares is from March 20, 2025, to March 19, 2026, and the number of shares eligible for vesting is 235,872 shares for 34 recipients [15][22]. - The vesting conditions were confirmed to have been met, with no adverse financial reports or regulatory issues affecting the company [16][18]. - The shares will be listed for trading on May 16, 2025 [24]. Group 3: Performance Assessment - The performance assessment for the incentive plan spans three fiscal years (2023-2025), with specific net profit growth targets set for each year [20][21]. - The net profit for 2022 was used as a baseline for calculating growth targets, with a target growth rate of 54.04% for the first vesting period [21]. - The performance metrics include both company-level and individual-level assessments, with a detailed scoring system for personal performance [10][20]. Group 4: Financial Impact - The total share capital will increase from 242,159,450 shares to 242,395,322 shares following the vesting, which may dilute earnings per share [26]. - The funds raised from the share issuance will be used to supplement the company's working capital [24]. - The independent financial advisor confirmed that the vesting conditions and adjustments comply with relevant laws and regulations [27].
肇民科技: 关于2023年限制性股票激励计划首次授予部分第二个归属期归属结果暨股份上市的公告