Highton Development(SH:603162) Zheng Quan Zhi Xing·2025-06-26 16:21Core Viewpoint - The announcement details the implementation of the 2024 stock option and restricted stock incentive plan by Fujian Haitong Development Co., Ltd, including the first unlock period for the restricted stocks and the conditions for their release [1][6][10]. Group 1: Incentive Plan Approval and Implementation - The stock option and restricted stock incentive plan was approved in the fourth meeting, with relevant proposals passed [1][2]. - The actual number of stock options granted was 6.635 million, and the number of restricted stocks granted was 7.715 million [2][3]. - The first unlock period for the restricted stocks will end on July 2, 2025, with a release ratio of 30% [6][10]. Group 2: Unlock Conditions and Performance Assessment - The conditions for unlocking the restricted stocks include no negative audit opinions and meeting specific performance targets, such as a revenue growth rate of at least 50% or a net profit growth rate of at least 35% for 2024 [9][10]. - If the company fails to meet the performance targets, the restricted stocks will not be released, and the company will repurchase them at the grant price plus interest [10] . Group 3: Stock Listing and Capital Structure Changes - The restricted stocks will be listed for trading on July 3, 2025, with a total of 2,212,500 shares available for trading [12]. - The capital structure will change as follows: limited sale shares will decrease by 2,212,500 to 649,854,992, while unrestricted shares will increase by the same amount to 275,526,296 [13]. Group 4: Legal Opinions - The legal opinion confirms that the necessary approvals and authorizations for the unlock of restricted stocks have been obtained, and the procedures comply with relevant regulations [13].