芳源股份拟向32人授予 43.90 万股限制性股票

Group 1 - The company, Fangyuan Co., Ltd. (688148.SH), announced the achievement of grant conditions for its 2024 restricted stock incentive plan, agreeing to grant a total of 439,000 shares to 32 eligible incentive recipients at a price of 2.73 yuan per share, which is approximately 55.60% of the closing price of 4.91 yuan per share on June 20 [1][3] - The incentive plan involves core employees of the company and its subsidiaries, with the 32 recipients representing 3.36% of the total workforce of 953 employees as of December 31, 2024 [3][4] - The total number of shares granted accounts for 4.43% of the total grant amount and 0.09% of the total share capital [3][4] Group 2 - The incentive plan has two vesting periods: the first period is from 12 months after the grant date to 24 months after the grant date, with a vesting ratio of 50%; the second period is from 24 months after the grant date to 36 months after the grant date, also with a vesting ratio of 50% [4] - Performance targets for the company are set for 2025 and 2026, with specific revenue growth rates determining the vesting ratios: for 2025, over 50% growth allows for 100% vesting, while below 40% results in 0% vesting; for 2026, over 70% growth allows for 100% vesting, while below 56% results in 0% vesting [4] - Individual performance assessments will also influence the vesting ratios, with scores above 90 granting 100% vesting, scores between 70 and 90 granting 80%, and scores below 70 resulting in 0% vesting [4] Group 3 - The validity period of the incentive plan lasts from the first grant of restricted stock until all shares are vested or become invalid, with a maximum duration of 48 months [5] - Fangyuan Co., Ltd. is the first company listed on the Sci-Tech Innovation Board in Jiangmen and is a key player in the new energy industry, focusing on the research, production, and sales of lithium battery ternary precursor materials and nickel battery cathode materials [6] - As of June 20, the market capitalization of Fangyuan Co., Ltd. is approximately 2.5 billion yuan [7]