LAO BAI GAN JIU(SH:600559) Zheng Quan Zhi Xing·2025-06-03 09:23Core Viewpoint - The announcement details the unlocking and circulation of 5,238,000 shares under the 2022 Restricted Stock Incentive Plan for Hebei Hengshui Laobaigan Liquor Co., Ltd, effective June 9, 2025, following the fulfillment of specific performance conditions [1][2][3]. Summary by Sections Incentive Plan Approval and Implementation - The incentive plan was approved by the board and relevant authorities, with the first grant of restricted stocks occurring on May 19, 2022, at a price of 10.34 yuan per share [8][3]. - The plan includes a performance assessment mechanism, with 207 participants being evaluated for their eligibility to unlock shares [4][6]. Unlocking Conditions and Achievements - The second unlocking period is set to expire on June 6, 2025, allowing for the release of 30% of the total granted shares if specific conditions are met [8][13]. - The company has not encountered any significant issues that would prevent the unlocking, such as audit disputes or major violations [9][10]. Performance Assessment Results - In the latest assessment, 199 out of 207 participants achieved an A rating, qualifying them for the unlocking of shares [11][12]. - The company met its performance targets, including a net asset return rate of at least 13.27% and a compound growth rate of net profit of 31.06% [10][11]. Details of the Unlocking Process - The total number of shares to be unlocked is 5,238,000, representing 0.57% of the company's total equity [13][14]. - The unlocking will be conducted in compliance with relevant laws and regulations, ensuring that all procedures are followed [14][15]. Legal and Financial Opinions - Legal and financial advisors have confirmed that the unlocking conditions have been met and that the process adheres to applicable laws and regulations [15][16].