ZHONGJI INNOLIGHT(SZ:300308) Zheng Quan Zhi Xing·2025-05-25 08:22Summary of Key Points Core Viewpoint The announcement details the fulfillment of the vesting conditions for the fourth vesting period of the company's second restricted stock incentive plan, allowing for the allocation of shares to eligible participants. Group 1: Incentive Plan Overview - The second restricted stock incentive plan was approved by the company's board and shareholders, with the first grant date set for December 15, 2020 [1][4] - The total number of restricted shares granted is 999.90 million shares, with a vesting schedule divided into four periods [1][6] - The vesting price has been adjusted multiple times, with the final adjustment for the fourth vesting period set at 17.49 yuan per share [1][6] Group 2: Vesting Conditions and Performance Targets - The fourth vesting period runs from April 15, 2025, to April 14, 2026, with a vesting ratio of 35% of the total shares granted [6][8] - The financial performance target for the fourth vesting period is set at a net profit of no less than 1.299 billion yuan for the fiscal year 2024 [8][9] - Personal performance evaluations will determine the actual number of shares vested, with grades A and B allowing for 100% vesting [8][9] Group 3: Share Allocation Details - A total of 119 participants are eligible for the fourth vesting period, with 3,857,770 shares available for allocation [6][9] - The company has completed the necessary registration and verification processes for the shares to be listed and circulated [9][11] - The funds raised from this share allocation will be used to supplement the company's working capital [9][11]