Zheng Quan Zhi Xing·2025-05-16 14:02Core Viewpoint - Jiangxi Yuenan New Materials Co., Ltd. has initiated a stock incentive plan for 2025, which includes the first grant of restricted stocks to selected employees and management, aimed at enhancing motivation and aligning interests with shareholders [1][6][15]. Summary by Sections Independent Financial Advisor Report - The independent financial advisor, Everbright Securities Co., Ltd., has confirmed that the stock incentive plan has undergone necessary approval procedures and complies with relevant regulations [6][15]. - The plan involves granting restricted stocks to 257 individuals, with a total of 1.8753 million shares allocated, adjusted from an initial 1.9173 million shares due to changes in eligible participants [8][15]. Approval Process - The approval process included discussions and resolutions at the board and supervisory committee meetings, ensuring that all necessary checks and balances were in place [6][7]. - The plan was publicly disclosed on the Shanghai Stock Exchange, ensuring transparency and compliance with regulatory requirements [8][15]. Grant Conditions - The grant of restricted stocks is contingent upon the fulfillment of specific conditions, including the absence of negative audit opinions and compliance with legal regulations [9][15]. - The vesting schedule for the restricted stocks is structured over a maximum of 60 months, with specific percentages vesting at designated intervals [11][12]. Impact on Financials - The implementation of the stock incentive plan is expected to have implications for the company's financial status and operational results, which will be assessed in accordance with accounting standards [16][17].