Allwinner Technology (SZ:300458) Zheng Quan Zhi Xing·2025-06-02 08:48Summary of Key Points Core Viewpoint The announcement details the completion of the second vesting period for the first grant of restricted stock under the 2023 incentive plan of Zhuhai Allwinner Technology Co., Ltd, highlighting the stock allocation, vesting conditions, and adjustments made to the plan. Group 1: Incentive Plan Overview - The 2023 incentive plan involves granting a total of 7 million shares, representing approximately 1.11% of the company's total share capital of 630.0167 million shares [2] - The first category of restricted stock involves 710,000 shares granted to 14 individuals, accounting for 0.11% of the total share capital [2] - The second category of restricted stock consists of 6.29 million shares granted to up to 264 individuals, representing 1.00% of the total share capital, with 85.10% of this category being the initial grant [2] Group 2: Vesting and Performance Conditions - The vesting schedule for the restricted stock includes three periods: 30% after 12 months, 30% after 24 months, and 40% after 36 months from the grant date [3] - Performance targets for vesting are set based on revenue growth rates: 10% for the first period, 20% for the second, and 50% for the third, using 2022 revenue as the baseline [3][4] Group 3: Adjustments and Compliance - The initial grant price was adjusted from 17.06 yuan per share to 12.70 yuan per share, and the number of shares granted was increased from 5,957,000 to 7,744,100 due to changes in eligible participants [9] - A total of 228 individuals met the vesting conditions for the second vesting period, with 2,026,908 shares eligible for vesting [10] - The company confirmed compliance with all necessary approvals and regulations regarding the incentive plan and its adjustments [15][16]