Core Viewpoint - The company has approved the grant of restricted stock under its 2025 Restricted Stock Incentive Plan, with specific conditions and performance targets outlined for the beneficiaries [1][11][23] Summary by Sections Incentive Plan Overview - The 2025 Restricted Stock Incentive Plan was approved during the third board meeting on May 28, 2025, and the granting conditions have been met [1][11] - A total of 853,000 shares will be granted to 36 core technical and business personnel, representing 1.60% of the company's total share capital [2][17] Granting Conditions - The granting of restricted stock is contingent upon the company and the beneficiaries meeting specific conditions, including no negative audit opinions and compliance with relevant laws [15][19] - The grant date is set for May 28, 2025, with a grant price of 41.99 yuan per share [17][19] Vesting Schedule - The vesting of the restricted stock will occur in three phases: 40% after 12 months, 30% after 36 months, and the remaining 30% after 48 months, contingent on meeting performance targets [4][18] - If performance targets are not met, the unvested shares will be forfeited [4][10] Performance Targets - The performance targets for the vesting of shares include achieving a revenue growth rate of at least 10% for the years 2025, 2026, and 2027 [9][10] - The actual revenue growth will determine the percentage of shares that vest, with a scale from 0% to 100% based on performance [10][19] Financial Impact - The total estimated expense for the stock grant is 7.1115 million yuan, to be amortized over the years 2025 to 2028 [19][20] - The plan is expected to enhance operational efficiency and reduce costs, positively impacting the company's long-term performance [20][21] Compliance and Approval - The plan has been reviewed and approved by the board, supervisory committee, and legal counsel, confirming compliance with relevant regulations [22][23] - The company will not provide financial assistance to beneficiaries for purchasing shares under this plan [21][22]
荣旗科技: 关于向公司2025年限制性股票激励计划激励对象授予限制性股票的公告