OTIC(SZ:000962) Zheng Quan Zhi Xing·2025-05-29 09:26Core Viewpoint - The company has approved the 2022 Restricted Stock Incentive Plan, allowing the board to manage all related matters, including the granting of restricted stocks to eligible participants [1][2][3] Summary by Sections Incentive Plan Approval - The board has been authorized to handle all matters related to the implementation of the 2022 Restricted Stock Incentive Plan, including determining the grant date and granting stocks to eligible participants [2][3] - The plan has received approval from the State-owned Assets Supervision and Administration Commission [3] Conditions for Release of Restrictions - A total of 152 participants are eligible for the release of restrictions on 1,545,126 shares, which represents 0.306% of the company's total share capital [2][11] - The first release period for the restricted stocks is set to end on June 1, 2025, with specific conditions that must be met for the release to occur [6][7] Performance Assessment - The performance assessment for the incentive plan will be conducted annually, with a target growth rate of 18.08% for 2023, and a compound growth rate of at least 15% compared to industry peers [7][10] - Individual performance evaluations will determine the percentage of stocks that can be released, with ratings categorized as excellent, good, satisfactory, or unsatisfactory [10] Stock Buyback and Cancellation - The company plans to repurchase and cancel a total of 103,994 shares from three participants who have left the company before meeting the release conditions [7][11] - Adjustments to the buyback price for the restricted stocks have been approved by the board [8] Changes in Share Capital Structure - Following the release of restrictions, the company's total share capital remains at 504,968,262 shares, with no changes in the proportion of restricted and unrestricted shares [12]