Yusys Technologies(SZ:300674) Zheng Quan Zhi Xing·2025-06-22 08:40Core Viewpoint - The announcement details the results of the second batch of stock vesting under the 2023 Restricted Stock Incentive Plan of Beijing Yuxin Technology Group Co., Ltd, indicating that 245,000 shares will be vested to 2 individuals, with the shares set to be listed on June 20, 2025 [1][19]. Summary by Sections Incentive Plan Overview - The total number of restricted stocks granted under the incentive plan is 7,413,212 shares, accounting for approximately 1.04% of the company's total share capital at the time of the plan's announcement [1]. - The vesting conditions for the second batch of restricted stocks were met, allowing for the distribution of shares to eligible participants [11]. Vesting Conditions and Performance Targets - The performance assessment period for the second batch of restricted stocks spans the 2023 and 2024 fiscal years, with growth targets set at a minimum of 30% for 2024 based on 2022 revenue or net profit [4][15]. - The vesting of stocks is contingent upon both company-level performance and individual performance evaluations, with specific metrics established for assessment [6][15]. Stock Vesting Details - A total of 303 individuals qualified for the vesting, with 3,136,800 shares available for distribution, of which 245,000 shares are part of the second batch [16]. - The shares are sourced from A-shares repurchased from the secondary market, and the vesting will not significantly impact the company's financial status or operational results [19][20]. Impact on Share Structure - Following the vesting, the total share capital remains unchanged at 704,057,060 shares, with the proportion of restricted shares increasing slightly from 0.12% to 0.15% [19]. - The vesting does not alter the control of the company, maintaining compliance with listing requirements [20].