KPA(SH:688681) Zheng Quan Zhi Xing·2025-06-20 11:52Core Viewpoint - The company announced the grant of reserved restricted stocks under its 2024 incentive plan, with a total of 190,000 shares to be allocated at a price of 5.85 yuan per share on June 20, 2025, representing 0.1815% of the company's total share capital [1][4][12]. Summary by Sections Restricted Stock Grant Details - The reserved grant date for the restricted stocks is set for June 20, 2025 [1]. - A total of 190,000 shares will be granted, which accounts for 0.1815% of the current total share capital [1]. - The grant price for the restricted stocks is adjusted to 5.85 yuan per share from the previous 6.00 yuan per share [4][12]. Decision-Making Process - The decision to grant the restricted stocks has followed the necessary procedures and disclosures, including approval from the board and verification by the supervisory board [1][3][7]. - The supervisory board confirmed that the conditions for granting the restricted stocks have been met, and the grant date aligns with the regulations [7][11]. Eligibility and Conditions - The incentive plan specifies that both the company and the recipients must meet certain conditions, including no adverse audit opinions or legal restrictions [5][11]. - The recipients of the restricted stocks include 18 individuals who are deemed eligible according to the company's criteria [1][11]. Vesting Schedule - The vesting of the granted restricted stocks will occur in two phases: 50% after 12 months and the remaining 50% after 24 months from the grant date [8][9]. - The stocks cannot be transferred or used as collateral before they vest [9]. Financial Impact - The estimated cost of the incentive plan is projected to be 1.3443 million yuan, which will be amortized over the vesting period [12]. - The implementation of this incentive plan is expected to enhance employee cohesion and operational efficiency, positively impacting the company's long-term performance [12].