EAGLERISE(CHINA)(SZ:002922) Zheng Quan Zhi Xing·2025-06-04 11:33Core Viewpoint - The announcement details the completion of the third unlock period for the stock options and restricted stock incentive plan of Igor Electric Co., with 760,000 shares eligible for release from restrictions, representing 0.1937% of the company's total share capital [1][19][23]. Summary by Sections Incentive Plan Overview - The incentive plan includes stock options and restricted stock for senior management, middle management, and key personnel, excluding independent directors and major shareholders [1][2]. - The total number of stock options granted is 4,277,000, which is 1.69% of the company's total share capital of 296,320,455 shares [2][3]. Stock Options and Restricted Stock Details - The stock options granted amount to 1,692,000, representing 0.57% of the total share capital, while the restricted stock granted totals 3,000,000 shares, accounting for 0.87% of the total share capital [2][3]. - The plan includes specific waiting and lock-up periods for both stock options and restricted stocks, with a minimum of 12 months before the first exercise or unlock date [3][4]. Performance Assessment Criteria - The performance targets for the incentive plan are based on revenue and net profit growth rates, with specific annual targets set for 2022, 2023, and 2024 [5][6]. - For the first unlock period, the revenue growth must be at least 25% compared to 2021, and net profit growth must be at least 20% [5][6]. Unlock Conditions Achievement - The third unlock period has been achieved, with the company meeting the required performance conditions, including a revenue increase of 108.01% and net profit growth of 305.56% from 2021 to 2024 [17][18]. - A total of 36 individuals are eligible to unlock 760,000 shares, which is 40% of the initially granted restricted stocks [19][20]. Approval and Compliance - The board of directors and the supervisory board have approved the conditions for unlocking the shares, confirming compliance with relevant regulations and internal policies [23][24]. - Legal and financial advisors have also confirmed that the actions taken are in accordance with applicable laws and do not harm the interests of the company or its shareholders [23][25].