JiuWu Hi-Tech(SZ:300631) Zheng Quan Zhi Xing·2025-06-24 18:51Core Viewpoint - Jiangsu Jiuwu High-Tech Co., Ltd. has successfully achieved the conditions for the first unlock period of its 2024 restricted stock incentive plan, allowing for the listing and circulation of restricted shares [1][5][6]. Summary by Sections Approval Procedures - The company held meetings to approve the relevant proposals regarding the 2024 restricted stock incentive plan, including the first grant of restricted stocks and the management measures for the implementation of the plan [2][3]. Conditions for Unlocking Restricted Stocks - The first unlock period for the restricted stocks is set to be from 12 months after the grant registration completion to the last trading day within 24 months. The unlock quantity is 40% of the total granted restricted stocks [5][6]. - The grant date for the restricted stocks was May 6, 2024, and the listing date was May 16, 2024. The first unlock period ended on May 15, 2025 [5][6]. Performance Assessment - The company’s performance assessment for unlocking the restricted stocks includes a target of a 50% increase in net profit compared to 2023, with a specific threshold for unlocking based on audited results [5][6]. - The personal performance assessment for the incentive objects is categorized into four levels: Excellent, Good, Qualified, and Unqualified, which determines the unlock ratio for each individual [6]. Listing and Circulation of Unlocked Shares - After the unlock, the total number of restricted stocks that can be circulated is 424.5 million shares, with 169.8 million shares being unlocked [6]. - The company’s share structure post-unlock shows a decrease in restricted shares from 5,266,218 to 4,439,468, while the total shares remain at 125,043,424 [6]. Legal Documentation - The company has prepared legal opinions regarding the completion of the unlock conditions and will keep relevant documents on file for reference [7].