ZHONGJI INNOLIGHT(SZ:300308) Zheng Quan Zhi Xing·2025-06-09 12:36Summary of Key Points Core Viewpoint The announcement details the first vesting results of the third phase of the restricted stock incentive plan for Zhongji Xuchuang Co., Ltd., indicating that the conditions for the first vesting period have been met, and the company has completed the registration of the vested shares. Group 1: Incentive Plan Overview - The third phase of the restricted stock incentive plan has been approved by the board and shareholders, with the first grant price adjusted from 52.33 yuan to 37.06 yuan per share [1][2][3] - The first grant date is set for November 24, 2023, with a total of 10,060,400 shares to be granted [1][9] - The plan includes a reserved portion of 800,000 shares, with a grant price of 52.33 yuan per share [2][3] Group 2: Vesting Conditions and Performance Targets - The first vesting period allows for 20% of the granted shares to vest after 12 months, with subsequent vesting periods set at 25%, 25%, and 30% over the next three years [3][4] - Performance targets for the first vesting period require the company to achieve a minimum revenue of 14.7 billion yuan and a net profit of 2.66 billion yuan for the fiscal year 2024 [4][5] - The total revenue and net profit targets for subsequent vesting periods are progressively higher, culminating in a revenue target of 80 billion yuan and a net profit of 12.57 billion yuan by 2027 [4][6] Group 3: Approval and Compliance - The plan has undergone multiple rounds of approval, including independent legal and financial reviews, ensuring compliance with relevant laws and regulations [7][8] - The company has confirmed that the vesting conditions have been met, with 104 eligible participants and a total of 2,003,680 shares available for vesting [9][10] - The company will continue to fulfill its disclosure obligations as required by law [11][12]