Sugon(SH:603019) Zheng Quan Zhi Xing·2025-06-24 19:19Core Viewpoint - The company announces the unlocking and circulation of shares from the 2021 Restricted Stock Incentive Plan, with a total of 4,095,180 shares set to be listed on June 30, 2025, following the achievement of specific performance conditions [1][6]. Summary by Sections Incentive Plan Approval and Implementation - The company has completed the necessary decision-making processes and disclosures for the 2021 Restricted Stock Incentive Plan, with independent directors providing their opinions on the related proposals [1][3]. - The plan includes multiple meetings where various aspects of the incentive plan were reviewed and approved, including adjustments to the stock grant price and the repurchase of shares from individuals no longer eligible for incentives [1][3][4]. Unlocking Conditions Achievement - The third unlocking period for the initial grant of restricted stocks and the second unlocking period for the reserved grant have met the required performance conditions, including financial metrics such as net profit and return on equity [4][5]. - For the third unlocking period, the company reported a net profit of 1,870.39 million yuan in 2023, with a return on equity of 10.48%, surpassing the required benchmarks [4][5]. - The reserved grant's second unlocking period also met its conditions, with a net profit of 1,596.62 million yuan in 2022, reflecting a growth of 16% compared to 2019 [5]. Stock Unlocking and Circulation Details - The total number of shares eligible for unlocking is 4,095,180, which will be listed for circulation on June 30, 2025 [1][6]. - The unlocking will result in a change in the company's share structure, with the number of restricted shares decreasing significantly while the total share capital remains unchanged [6][8]. Opinions from Committees and Legal Review - The Supervisory Board and the Compensation and Assessment Committee have both agreed that the unlocking conditions have been met and that the process complies with relevant laws and regulations [6][7]. - A legal opinion confirms that the unlocking of shares adheres to the necessary legal frameworks and that the company has fulfilled its disclosure obligations [7][8].