WHEE(SH:600475) Zheng Quan Zhi Xing·2025-05-23 10:31Core Viewpoint - The company has approved the lifting of restrictions on 479,238 shares from its 2020 restricted stock incentive plan for six directors and senior management, effective May 30, 2025, as all conditions for lifting the restrictions have been met [2][11][17] Summary by Sections Stock Listing Announcement - The stock listing type is for equity incentive shares, with a total of 479,238 shares to be listed for circulation [2] - The circulation date for the shares is set for May 30, 2025 [2] Incentive Plan Approval and Implementation - The company held a board meeting on May 23, 2025, to approve the lifting of restrictions on shares for directors and senior management under the 2020 restricted stock incentive plan [2][11] - The independent directors and supervisory board have provided their consent regarding the incentive plan [3][7] Conditions for Lifting Restrictions - The remaining 20% of shares from the 2020 incentive plan, totaling 479,238 shares, are to be released from restrictions as the performance assessment results for the directors and senior management have reached a satisfactory level [11][12] - The lifting of restrictions is in accordance with the provisions of the incentive plan, which stipulates that the shares are subject to a performance assessment [11][17] Share Structure Changes - After the lifting of restrictions, the total number of restricted shares will decrease from 13,559,238 to 13,080,000, while the total number of unrestricted shares will increase from 942,406,491 to 942,885,729 [15] - The total share capital remains unchanged at 955,965,729 shares [15] Legal Opinions and Compliance - The legal opinion confirms that the lifting of restrictions has received the necessary approvals and complies with relevant laws and regulations [17] - The company is required to continue fulfilling information disclosure obligations related to the lifting of restrictions [17]