Arctech Solar(SH:688408) Zheng Quan Zhi Xing·2025-06-03 10:29Core Viewpoint - The company announces the lifting of restrictions on 77,480 shares from its 2022 restricted stock incentive plan, effective June 12, 2025, for three eligible participants [1][15][18] Summary by Sections Incentive Plan Approval and Implementation - The board of directors and supervisory board approved the lifting of restrictions on the first category of restricted stock as the conditions for the second lifting period have been met [2][10] - The incentive plan has undergone necessary decision-making processes and disclosures, with independent opinions provided [2][4] Conditions for Lifting Restrictions - The lifting of restrictions is contingent upon the company not having any negative audit opinions or failing to meet profit distribution commitments in the last 36 months [10][11] - The performance targets for the company include achieving a revenue of at least 52.5 billion yuan or a net profit of at least 5.4 billion yuan in 2024 [12][13] Specifics of the Restricted Stock - A total of 77,480 shares will be released from restrictions, with three individuals being eligible [15][14] - The shares released represent 50% of the total restricted stock granted to the eligible participants [14] Listing and Trading Arrangements - The shares will be listed for trading on June 12, 2025, and the trading of these shares will be subject to specific regulations regarding the transfer of shares by directors and senior management [15][16] Legal and Financial Advisory Opinions - Legal opinions confirm that the lifting of restrictions complies with relevant laws and regulations, and the company has fulfilled its disclosure obligations [16][18] - Financial advisors affirm that both the company and the participants meet the necessary conditions for the lifting of restrictions [17][18]