LINGYUN CORPORATION(SH:600480) Shang Hai Zheng Quan Bao·2025-05-21 18:50Core Viewpoint - The company has announced the achievement of the first unlock condition for the reserved grant portion of the 2022 restricted stock incentive plan, allowing for the release of 297,360 shares, which accounts for approximately 0.03% of the total share capital [2][11][13]. Group 1: Incentive Plan Approval and Implementation - The 2022 restricted stock incentive plan was approved by the company's board on December 9, 2022, and included various related proposals [2][3]. - The plan received necessary approvals from the State-owned Assets Supervision and Administration Commission (SASAC) on March 4, 2023 [4]. - The first grant of restricted stock was registered on June 8, 2023, with the first unlock period set to end on June 7, 2025 [10][49]. Group 2: Unlock Conditions and Achievements - The first unlock period allows for the release of 40% of the granted shares, contingent upon meeting specific performance conditions [10][11]. - A total of 10 individuals meet the conditions for unlocking the shares, with the number of shares eligible for release being 297,360 [11][13]. - The board's compensation and assessment committee confirmed that both company-level and individual performance criteria were met for the unlocking of shares [13][54]. Group 3: Future Considerations - The second unlock period's performance targets for 2024 have been fully achieved, and the company will continue to assess the conditions for future unlocks [54][56]. - The company plans to announce further details regarding the unlocking conditions as they are met [53][56].