Core Points - The company has announced the results of the first vesting period for its 2024 Restricted Stock Incentive Plan, with a total of 3.10976 million shares vesting on June 20, 2025, for 68 individuals [1][21][22] - The incentive plan was approved during the company's 2024 first extraordinary general meeting and involves a total of 11.448 million shares, representing 4.26% of the company's total share capital at the time of the announcement [2][19] - The vesting conditions include both company-level performance assessments and individual performance evaluations, with specific growth targets set for revenue from 2024 to 2026 [6][8][16] Incentive Plan Overview - The incentive plan includes an initial grant of 11.448 million shares, with 80% allocated for the first grant and 20% reserved for future grants [2][3] - The vesting schedule is divided into three periods: 40% after 12 months, 40% after 24 months, and 20% after 36 months from the initial grant date [5][6] - The performance targets for the first vesting period require a revenue growth rate of at least 30% compared to the previous year, with a target of 40% for full vesting [16][18] Performance Assessment - The company-level performance assessment for the first vesting period is based on revenue growth, with specific target values set for each year [6][16] - Individual performance assessments categorize employees into three levels, with those rated B or above eligible for full vesting [8][16] - A total of 310.976 million shares will be vested, with adjustments made for individuals who have left the company or did not meet performance criteria [14][19] Shareholder Impact - The shares being vested are sourced from the company's repurchased shares, meaning the total share capital will not change, and there will be no dilution of earnings per share [22][23] - The company will use the funds raised from the vesting to supplement its working capital [20][22] - The vesting of shares will not significantly impact the company's financial status or operational results [22][23]
首华燃气: 关于2024年限制性股票激励计划首次授予第一个归属期归属结果暨股份上市的公告