CAERI(SH:601965) Zheng Quan Zhi Xing·2025-06-19 10:00Core Viewpoint - The announcement details the unlocking and listing of restricted stock under the third phase of the stock incentive plan for China Automotive Engineering Research Institute Co., Ltd, with a total of 314,600 shares set to be unlocked on June 25, 2025 [1][4][17] Summary by Sections Stock Incentive Plan Overview - The stock incentive plan (Phase III) was approved and implemented, with the first unlocking conditions met for 5 eligible participants [1][2] - A total of 15,892,200 shares were granted under this incentive plan, increasing the company's total share capital to 1,004,847,787 shares [5] Unlocking Conditions - The first unlocking period lasts from September 21, 2024, to September 20, 2025, allowing for a 40% release of the granted restricted shares [9][17] - The company achieved a net asset return rate of 12.43% and an economic value added (EVA) of 676.54 million, both exceeding the set targets [10] Performance Assessment - All 5 participants achieved excellent performance evaluations, meeting the criteria for unlocking their shares [12][17] - The performance assessment included a compound annual growth rate of net profit of 14.98%, surpassing the required 10% [10] Stock Listing and Capital Structure Changes - The unlocked shares will be listed for trading on June 25, 2025, with the total number of shares available for trading increasing by 314,600 [14] - The company's share structure will reflect this change, with the number of unrestricted shares rising to 993,996,567 [16] Legal and Compliance Review - The board and supervisory committee confirmed that the unlocking process complies with relevant laws and regulations, ensuring no infringement on company or shareholder interests [17]