NCS TESTING TECHNOLOGY CO.(SZ:300797) Zheng Quan Zhi Xing·2025-06-27 16:37Core Viewpoint - The report discusses the achievement of the conditions for the second unlock period of the first grant of restricted stock and the first unlock period of the reserved grant under the stock incentive plan of Steel Research Nake Testing Technology Co., Ltd. [3][6][29] Group 1: Stock Incentive Plan Overview - The stock incentive plan involves granting restricted stocks to employees, with specific unlock conditions and periods defined [3][4] - The first grant of restricted stocks was completed on July 1, 2022, with a total of 6,810,000 shares granted [9] - The second unlock period for the first grant is set to occur between 36 to 48 months after the initial grant [15][16] Group 2: Unlock Conditions - For the second unlock period, 33% of the granted shares can be unlocked if certain conditions are met, including the absence of adverse audit opinions and the fulfillment of performance targets [15][18] - The performance target for the year 2023 includes achieving a net profit of RMB 138,649,481.39, representing a compound annual growth rate of 21.54% from 2020 [19][25] Group 3: Reserved Grant Details - The reserved grant's first unlock period is defined as 24 to 36 months after the completion of the grant registration, with a similar unlock ratio of 33% [23][25] - The performance targets for the reserved grant are aligned with the overall company performance metrics, ensuring that the conditions for unlocking are consistent with the company's financial health [25][29] Group 4: Independent Financial Advisor's Opinion - The independent financial advisor confirms that the conditions for both the second unlock period of the first grant and the first unlock period of the reserved grant have been met, complying with relevant laws and regulations [20][29] - The advisor emphasizes the need for the company to disclose information and complete necessary procedures with the Shenzhen Stock Exchange following the unlock [20][29]