Greenway(SH:688345) Zheng Quan Zhi Xing·2025-05-30 10:37Core Viewpoint - The announcement details the results of the first category of restricted stock grants under the 2025 incentive plan by Guangdong Boliv Technology Co., Ltd, including the number of shares granted and the implications for company control and financial reporting [1][2][7]. Summary by Sections 1. Grant Details - The first category of restricted stock was registered on May 29, 2025, with a total of 1,149,500 shares granted to 154 individuals, after one participant voluntarily forfeited 500 shares [1][2]. 2. Allocation of Restricted Stocks - The distribution of the granted restricted stocks includes senior management, core technical personnel, and other key staff, with the total granted amounting to 1,149,500 shares, representing 29.10% of the total incentive plan and 1.15% of the company's total share capital [2][3]. 3. Validity and Lock-up Period - The validity period for the restricted stocks is up to 36 months from the grant date, with lock-up periods of 12 and 24 months, during which the stocks cannot be transferred or used as collateral [4][5]. 4. Release of Lock-up Arrangements - The release of the lock-up for the restricted stocks will occur in two phases: the first after 12 months and the second after 24 months from the grant date [5][6]. 5. Subscription Fund Verification - As of May 12, 2025, the company received a total of RMB 11,598,455 from 154 participants, which includes an increase in share capital of RMB 1,149,500 and an increase in capital reserve of RMB 10,448,955 [6]. 6. Impact on Company Control - Following the grant, the total number of shares increased from 100,000,000 to 101,149,500, resulting in a decrease in the controlling shareholders' percentage from 74.63% to 73.78%, although control remains unchanged [7][8]. 7. Financial Reporting Implications - The incentive plan will incur a total estimated expense of RMB 966.73 million over the years 2025 to 2027, impacting net profits during the effective period, while also potentially enhancing employee motivation and operational efficiency [8][9].