Anhui (SZ:002983) Zheng Quan Zhi Xing·2025-06-19 10:00Core Viewpoint - The announcement details the completion of the 2025 Restricted Stock Incentive Plan for Anhui Xinruida Technology Co., Ltd, including the approval process, grant specifics, and performance assessment criteria [1][2][3]. Approval Process - The plan underwent several approval stages, including meetings of the Compensation and Assessment Committee and the Board of Directors, culminating in the shareholders' meeting on May 20, 2025, which authorized the plan [2][3][4]. - The plan was publicly announced and no objections were raised during the internal review period [2][3]. Grant Details - The grant date for the restricted stock was set for May 20, 2025, with a total of 968,600 shares granted to 57 individuals, including directors and key employees [4][10]. - The grant price was established at 8.36 yuan per share, with the total number of shares representing 0.54% of the company's total equity at the time of the plan's announcement [4][5]. Vesting and Performance Conditions - The restricted stock has a vesting period, with specific conditions for release based on the company's performance metrics, including net profit and revenue from vehicle displays for the years 2025 to 2027 [6][7][8]. - The vesting schedule includes three phases, with 50%, 30%, and 20% of the shares becoming eligible for release at different intervals [6][7]. Adjustments to the Plan - The number of participants in the incentive plan was adjusted from 70 to 66, and the total number of shares granted was reduced from 1,266,800 to 1,245,800 due to certain individuals forfeiting their rights [9][10]. - Two directors had their grants temporarily suspended due to prior stock sales, affecting a total of 232,800 shares [10]. Financial Impact - The funds raised from the stock grants will be used to supplement the company's working capital, and the total registered capital will increase from 222,466,620 yuan to 223,435,220 yuan following the grant [11][12]. - The stock grant is expected to have an impact on the company's financial statements, with specific accounting costs to be amortized over the relevant years [13].