KDTECH(SZ:002516) Zheng Quan Zhi Xing·2025-06-27 16:37Core Viewpoint - The first unlock condition of the 2024 restricted stock incentive plan for Kuangda Technology has been achieved, allowing 7 eligible participants to unlock a total of 5.24 million shares, which represents 0.36% of the company's total share capital [1][6][7]. Group 1: Incentive Plan Details - The incentive plan was approved by the board and supervisory committee, with necessary reports and legal opinions provided by independent financial advisors and lawyers [3][6]. - The first unlock period lasts for 12 months from the completion of the grant registration, with a 40% unlock ratio [4][5]. - The performance assessment for the first unlock period requires either a revenue growth of at least 10% compared to 2023 or a net cash flow from operating activities of no less than 238 million yuan for 2024 [4][5]. Group 2: Compliance and Verification - The supervisory committee confirmed that no objections were raised during the public notice period regarding the incentive plan's participants [2][6]. - The board's remuneration and assessment committee verified that the unlock conditions were met and that the participants' qualifications were legitimate and compliant with regulations [6][7]. - Legal opinions from Jiangsu Taihe Law Firm and independent financial advice from Donghai Securities confirmed that the necessary approvals and authorizations for the unlock conditions were obtained [7][8]. Group 3: Unlocking Process - The total number of shares eligible for unlocking is 5.24 million, with the remaining ungranted restricted stock amounting to 7.86 million shares [5][6]. - The company will proceed with the unlocking procedures for the eligible participants as per the incentive plan regulations [5][8].