Core Viewpoint - The Sichuan Zigong Transportation Machinery Group Co., Ltd. announced the lifting of restrictions on the first phase of its 2024 restricted stock incentive plan, allowing 1,241,184 shares to be listed for trading on June 3, 2025, which represents 0.5282% of the company's total share capital [1][13]. Summary by Sections Incentive Plan Approval Process - On April 8, 2024, the company's board and supervisory board approved the draft of the 2024 restricted stock incentive plan and related management measures [2]. - The plan was publicly announced from April 8 to April 17, 2024, with no objections raised during the public notice period [2]. - The annual shareholders' meeting on April 22, 2024, authorized the board to handle matters related to the incentive plan [2]. Conditions for Lifting Restrictions - The board confirmed that the conditions for lifting restrictions on the first phase of the incentive plan have been met, with 105 eligible participants [5]. - The total number of shares eligible for lifting restrictions is 1,241,184, which is 0.5282% of the company's total share capital [5][13]. - The first lifting period will commence on June 3, 2025, after the expiration of the initial 12-month lock-up period [6]. Performance Assessment - The performance assessment for the incentive plan is based on the company's net profit, which must increase by at least 50% compared to the previous year [9]. - The net profit for 2023 was approximately 102 million yuan, setting a baseline for the 2024 assessment [9]. - The board noted that 87 participants achieved an "excellent" rating, allowing them to lift restrictions on 100% of their shares [9]. Adjustments to the Incentive Plan - The board made adjustments to the incentive plan on May 8, 2024, including changes to the grant price, which is now set at 11.00 yuan per share [10]. - Due to personal reasons, one participant voluntarily forfeited their allocation, leading to a total of 106 participants receiving 2.285 million shares [12]. - On May 26, 2025, the board approved adjustments to the repurchase price and quantity of shares due to the departure of one participant and performance issues for others [12]. Stock Listing and Capital Structure Changes - The shares that are being released from restrictions will be listed for trading on June 3, 2025 [13]. - The lifting of restrictions will result in a decrease of restricted shares from 84,545,475 to 83,304,291, while the number of unrestricted shares will increase from 150,416,925 to 151,658,109 [15][16].
运机集团: 关于2024年限制性股票激励计划首次授予部分第一期解除限售股份上市流通的提示性公告