Summary of the News Article Core Viewpoint The announcement details the achievement of the first vesting conditions for the 2024 Restricted Stock Incentive Plan of Fujian Wancheng Biotechnology Group Co., Ltd., allowing seven eligible participants to vest a total of 3.092 million shares of restricted stock. Group 1: Incentive Plan Overview - The incentive plan was approved by the board and supervisory committee, allowing for the vesting of restricted stock based on specific conditions [1][2]. - The total number of restricted shares to be granted under the plan is 11.329 million, representing 6.57% of the company's total share capital [2][3]. - The first grant of restricted stock is set at 10.129 million shares, with a reserved portion of 1.2 million shares [2][3]. Group 2: Vesting Conditions - The first vesting period allows for 40% of the granted shares to vest after 12 months from the grant date, with subsequent vesting periods allowing for additional shares to vest based on performance [4][5]. - The vesting conditions include company-level performance targets, with specific revenue goals set for the years 2024 to 2026 [20][21]. - Individual performance assessments will also play a role in determining the vesting of shares, categorized into three levels: A, B, and C [8][10]. Group 3: Approval and Compliance - The board and supervisory committee have confirmed that the vesting conditions have been met, and the necessary approvals have been obtained [22][23]. - The company has ensured compliance with relevant laws and regulations, including the Company Law and Securities Law, regarding the eligibility of the incentive participants [24][26]. - The legal and independent financial advisors have affirmed that the vesting and adjustments comply with all applicable regulations [26][27].
万辰集团: 关于公司2024年限制性股票激励计划首次授予部分第一个归属期（第一批次）归属条件成就的公告