AWINIC(SH:688798) Zheng Quan Zhi Xing·2025-05-30 12:18Core Viewpoint - Shanghai Aiwei Electronics Technology Co., Ltd. is undergoing adjustments to its 2022 Restricted Stock Incentive Plan, including the cancellation of unvested shares and changes to the grant price and quantity of shares [4][9][10]. Group 1: Legal Opinions and Approvals - The law firm has confirmed that the necessary legal procedures for the cancellation, adjustment, and vesting of shares have been completed in accordance with relevant laws and regulations [4][12]. - The company has received approval from its board and supervisory board for the adjustments to the incentive plan, including the authorization to manage and adjust the plan [7][9][10]. Group 2: Adjustments to the Incentive Plan - The initial grant price of the restricted stock has been adjusted from RMB 53.07 per share to RMB 37.97 per share, and the number of shares granted has increased from 4.78 million to approximately 6.68 million shares [9][10]. - A total of 418,713 shares that were granted but not vested have been canceled due to various reasons, including employee departures and performance assessments [11][12]. Group 3: Vesting Conditions - The vesting conditions for the second vesting period of the incentive plan have been met, allowing for the vesting of shares for 437 eligible participants [19][21]. - The performance metrics for the second vesting period are based on revenue growth, with specific thresholds set for the company’s performance [18][19].