TMT(SH:600458) Zheng Quan Zhi Xing·2025-05-23 10:31Core Viewpoint - The announcement details the first unlock period and listing of restricted stock under the 2022 stock incentive plan of Zhuzhou Times New Material Technology Co., Ltd, with a total of 629.772 million shares set to be released on May 29, 2025 [1][6]. Group 1: Stock Incentive Plan Implementation - The stock incentive plan was approved by the board and relevant authorities, with independent directors providing opinions and the supervisory board verifying the matters [2][3]. - The initial grant of restricted stock was adjusted from 22.87 million shares to 22.71 million shares due to one employee's withdrawal, with the final number of recipients being 207 [3][4]. - The actual number of restricted stocks granted was 19.68 million shares at a price of RMB 5.65 per share [6][7]. Group 2: Unlock Conditions and Performance Targets - The first unlock period for the restricted stock will end on May 28, 2025, with specific performance conditions that must be met for the stocks to be released [7][10]. - The performance targets include a compound annual growth rate of at least 10.64% in revenue from 2021 to 2023, a net asset return rate of no less than 4.70%, and an asset-liability ratio not exceeding 70% [10][11]. Group 3: Unlocking and Share Structure Changes - A total of 203 individuals meet the conditions for unlocking 629.772 million shares, representing 0.76% of the company's total share capital [14][18]. - The share structure will change with the release of restricted stocks, reducing the number of restricted shares from 21.65 million to 15.35 million, while increasing the unrestricted shares correspondingly [18][19].