Summary of Key Points Core Viewpoint The announcement details the achievement of the first vesting conditions for the 2022 Restricted Stock Incentive Plan of Xi'an Zhongrong Electric Co., Ltd, highlighting the successful fulfillment of performance criteria and the corresponding stock vesting for eligible participants. Group 1: Incentive Plan Overview - The incentive plan involves 158 participants, primarily core management and technical personnel, with a total of 331.3871 million shares allocated, representing 5% of the company's total equity [2][12] - The plan's effective period lasts up to 78 months from the initial grant date, with specific vesting conditions outlined [3][4] Group 2: Vesting Conditions - The first vesting period is set for 20% of the granted shares, contingent upon meeting performance targets, with the first vesting date occurring 18 months post-grant [13][14] - The performance targets require a compound annual growth rate (CAGR) of at least 25% in revenue from 2021 to 2027, with specific annual revenue benchmarks [8][14] Group 3: Performance Assessment - The company reported a revenue of approximately 384.92 million yuan in 2021 and 754.60 million yuan in 2022, indicating a CAGR of 65.9%, thus meeting the first vesting condition [14] - Individual performance assessments categorize results into four levels (A, B, C, D), affecting the vesting ratio for each participant [9][10] Group 4: Financial Impact - The vesting of 857,167 shares will not significantly impact the company's financial status or operational results, and the overall equity structure remains compliant with listing requirements [16]
中熔电气: 关于2022年限制性股票激励计划首次授予部分第一个归属期归属条件成就的公告