Highton Development(SH:603162) Zheng Quan Zhi Xing·2025-05-20 12:28Core Viewpoint - The report discusses the stock option and restricted stock incentive plan for Fujian Haitong Development Co., Ltd. for the year 2025, detailing the approval process, conditions for granting, and implications for shareholders and company performance [1][3][14]. Summary by Sections Definitions - The report defines key terms related to the incentive plan, including "stock options," "restricted stocks," and "incentive objects," clarifying the rights and conditions associated with these terms [1][2]. Approval Process - The incentive plan has undergone necessary approvals from the board and supervisory committee, with no objections raised during the public notice period [5][6]. - The plan was approved in the 15th meeting of the board and has been verified by the supervisory committee [6]. Granting Conditions - The granting of stock options and restricted stocks is contingent upon meeting specific performance conditions, including financial audit outcomes and compliance with legal regulations [6][7]. - The report confirms that as of the report date, the company meets all conditions for granting the incentive stocks [7][14]. Granting Details - The granting price for the restricted stocks is set at 4.11 RMB per share, with a maximum validity period of 66 months for both stock options and restricted stocks [8][10]. - The distribution of stock options and restricted stocks among incentive objects is detailed, with a total of 913,000 shares allocated to 108 individuals [10][12]. Performance Assessment - The performance assessment for the incentive plan spans from 2025 to 2028, with specific revenue and profit growth targets set for each assessment year [12][13]. - If the company fails to meet the performance targets, the corresponding stock options and restricted stocks will not be granted or will be repurchased [13][14]. Financial Impact - The report emphasizes the need for accurate accounting of the costs associated with the stock options and restricted stocks, highlighting potential dilution effects on existing shareholders [14].