ZMD(SH:688636) Zheng Quan Zhi Xing·2025-06-16 11:28Core Viewpoint - Chengdu Zhimingda Electronics Co., Ltd. has made significant adjustments to its stock incentive plans, including changes to the grant prices and quantities of restricted stocks due to the completion of the 2024 annual equity distribution [1][2][3][4][5][6]. Group 1: Board Meeting Details - The third meeting of the board of directors was held on June 16, 2025, with all seven directors present, confirming the legality and validity of the meeting [1]. - The meeting was convened by Chairman Wang Yong and followed all relevant legal and regulatory procedures [1]. Group 2: Adjustments to Stock Incentive Plans - The board approved adjustments to the grant price of the second category of restricted stocks under the 2022 incentive plan, changing the price from 26.8849 CNY/share to 17.9483 CNY/share, and increasing the number of shares from 110,028 to 163,942 [1][2]. - For the 2023 incentive plan, the grant price was adjusted from 20.5238 CNY/share to 30.5805 CNY/share, with the number of shares also being modified [2][3]. - A total of 387,776 restricted stocks will be canceled due to unmet performance conditions and the departure of certain incentive recipients [4][5]. - The repurchase price for the first category of restricted stocks under the 2023 plan was adjusted from 15.3960 CNY/share to 10.2376 CNY/share, with the number of shares also being modified [5][6]. - The board proposed to hold the first temporary shareholders' meeting of 2025 on July 2, 2025, to discuss these adjustments [6].