GONGNIU(SH:603195) Zheng Quan Zhi Xing·2025-05-15 10:21Core Viewpoint - The company is implementing a stock incentive plan to attract and retain talent, aligning the interests of shareholders, the company, and core team members for long-term development [9][12]. Summary by Sections Incentive Plan Overview - The incentive plan involves granting 3.0969 million restricted shares, accounting for 0.24% of the company's total share capital of 1,292.1589 million shares [2][13]. - The plan is a one-time grant with no reserved rights, and the total number of shares involved in all effective incentive plans does not exceed 10% of the company's total share capital [2][14]. Granting Conditions - The granting price for the restricted shares is set at 35.77 yuan per share [5][19]. - The plan will be effective for a maximum of 48 months from the date of registration completion for the restricted shares [3][15]. Eligible Participants - A total of 671 individuals, approximately 5.07% of the company's workforce, will be eligible for the incentive plan, including core management and key personnel [6][12]. - Participants do not include supervisors, independent directors, or shareholders holding more than 5% of the company's shares [4][12]. Performance and Vesting Conditions - The vesting of restricted shares is contingent upon the company meeting specific performance targets, which include achieving an average revenue and net profit level that is at least 110% of the average of the previous two fiscal years [21]. - The vesting schedule includes three phases, with 40% vesting after 12 months, 30% after 24 months, and the remaining 30% after 36 months [17][21]. Adjustments and Compliance - The number of restricted shares and the granting price may be adjusted in response to corporate actions such as stock dividends or capital increases [4][23]. - The plan complies with relevant laws and regulations, ensuring that the company has not faced any disqualifying circumstances in the past year [3][4]. Implementation Process - The plan requires approval from the shareholders' meeting and must be executed within 60 days of approval [5][30]. - The company will publicly disclose the list of eligible participants and their roles prior to the shareholders' meeting [28][30].