Summary of Key Points Core Viewpoint The announcement details the results of the first vesting period of the 2023 restricted stock incentive plan of Xiamen Jiarong Technology Co., Ltd., confirming that the vesting conditions have been met and outlining the relevant procedures and performance metrics for the incentive plan [1][12][20]. Group 1: Incentive Plan Overview - The restricted stock incentive plan was approved on October 9, 2023, and does not set aside reserved shares, with a grant price of 16.88 yuan per share [2][3]. - The plan is applicable to middle management and core technical personnel, excluding directors, senior executives, and major shareholders [2][3]. - The plan's validity lasts up to 48 months from the initial grant date, with specific vesting arrangements outlined for three periods [2][3]. Group 2: Vesting Conditions and Performance Metrics - The first vesting period is from October 11, 2024, to October 10, 2025, with 20% of the granted shares vesting after 12 months [12][3]. - Performance targets for the first vesting period include achieving a revenue of at least 0.8 billion yuan and a gross margin of no less than 30% [15][17]. - The company achieved a revenue of 70.936 million yuan in 2023, meeting the gross margin requirement but falling short of the revenue target [17][15]. Group 3: Results of the First Vesting Period - The board confirmed that the vesting conditions for the first period have been met, allowing for the processing of vesting for eligible participants [12][17]. - A total of 95 participants were eligible for vesting, with 6 achieving a performance rating of "qualified," resulting in a personal vesting ratio of 60% [16][17]. - A total of 130,200 shares were deemed unvested and will be forfeited due to not meeting the vesting conditions [16][18]. Group 4: Legal and Compliance Aspects - The legal opinion confirms that the vesting and forfeiture processes comply with relevant regulations and the company's incentive plan [20]. - The company has fulfilled its disclosure obligations in accordance with applicable laws and regulations [20]. - The total number of shares granted and the adjustments made due to participant departures have been documented and verified [19][11].
嘉戎技术: 厦门嘉戎技术股份有限公司关于2023年限制性股票激励计划第一个归属期归属结果暨股份上市公告