CSF(SH:600654) Zheng Quan Zhi Xing·2025-06-20 09:05Core Viewpoint - The announcement details the first grant of stock options and restricted stock incentive plan for 2023, highlighting the conditions for the second unlock period of restricted stocks and the total number of shares that will be released for trading. Group 1: Incentive Plan Overview - The total number of restricted stocks to be released for trading is 11,183,850 shares, with 7,584,000 shares held by directors and senior management [3][24]. - The release date for the stocks is set for June 20, 2025 [3][25]. - The incentive plan was approved during the board meetings held on May 19, 2025, and includes 106 eligible participants for the second unlock period [3][12]. Group 2: Stock Grant Details - The first grant of restricted stocks occurred on April 17, 2023, with a total of 55,350,000 shares granted at a price of 1.25 yuan per share [5][14]. - The second unlock period for the restricted stocks began on April 17, 2025, and will last until the last trading day within 36 months from the grant date [15][24]. Group 3: Performance Conditions - The performance targets for the incentive plan include annual revenue and net profit benchmarks, with specific values set for each year from 2023 to 2025 [17][20]. - The company must meet these performance targets for the restricted stocks to be eligible for release, with a total of 106 participants meeting the conditions for the second unlock period [24][17]. Group 4: Share Structure Changes - Following the release of the restricted stocks, the total number of shares with limited sale conditions will decrease from 576,838,224 to 565,654,374 shares, while the total number of unrestricted shares will increase from 2,299,769,336 to 2,310,953,186 shares [25][24]. - The overall share capital remains unchanged at 2,876,607,560 shares [25].