Raycloud(SH:688365) Sou Hu Cai Jing·2025-06-19 00:45Core Viewpoint - The company is implementing a new stock incentive plan aimed at attracting and retaining talent, aligning the interests of shareholders, the company, and core team members for long-term development [3][4][5]. Group 1: Stock Incentive Plan Overview - The stock incentive plan involves granting 1.5 million restricted stocks, representing 0.35% of the company's total share capital of 425.824684 million shares [3][7]. - The initial grant consists of 1.2 million shares, accounting for 0.28% of the total share capital and 80% of the total grant [3][7]. - The plan aims to enhance the company's long-term incentive mechanism and boost employee motivation [3][4]. Group 2: Existing Incentive Plans - The company is concurrently implementing a 2021 restricted stock incentive plan, which granted 6.69022 million shares at a price of 12.00 yuan per share [4]. - Due to various reasons, including employee turnover and unmet performance targets, a total of 6.101963 million shares from the 2021 plan have been rendered invalid [4]. Group 3: Granting and Vesting Conditions - The incentive plan utilizes restricted stocks as the incentive tool, with stocks sourced from repurchased shares or newly issued shares to the incentive targets [6][7]. - The vesting conditions include meeting specific performance targets related to the company's SaaS business revenue and payment amounts for the years 2025 to 2027 [30][34]. - The plan stipulates that the vesting of stocks is contingent upon the company and individual performance metrics being met [30][34]. Group 4: Performance Metrics - The performance targets for the incentive plan are based on the growth rates of the company's SaaS business revenue and payment amounts, with specific annual targets set for 2025, 2026, and 2027 [30][34]. - The company aims to ensure that the performance metrics are challenging yet achievable, considering macroeconomic conditions and industry trends [34][35]. Group 5: Implementation Procedures - The plan requires approval from the board of directors and the shareholders' meeting before implementation, with a detailed process for granting and vesting the stocks [36][38]. - The company must publicly disclose the names and positions of the incentive targets prior to the shareholders' meeting [38][39].