Hamaton(SZ:300643) Zheng Quan Zhi Xing·2025-07-01 16:07Core Viewpoint - The announcement details the completion of the second vesting period for the 2022 Restricted Stock Incentive Plan, with 514,285 shares set to be listed on July 4, 2025, for 41 eligible participants [1][2][19]. Summary by Sections Incentive Plan Overview - The 2022 Restricted Stock Incentive Plan includes provisions for the issuance of restricted stocks to directors, senior management, and key personnel, excluding independent directors and major shareholders [2][3]. - The total number of restricted stocks granted under this plan is 380,000 shares, which does not exceed 20% of the company's total equity [2]. Vesting Conditions - The vesting period for the restricted stocks is set for a maximum of 72 months, with specific performance targets for each vesting period [3][4]. - The first vesting period requires a net profit of 150 million RMB for 2023, 180 million RMB for 2024, and 240 million RMB for 2025 [4][17]. Performance Assessment - The performance assessment for the company is based on achieving specified net profit targets, with a scale for determining the vesting ratio based on performance completion rates [6][18]. - Individual performance assessments will also be conducted, affecting the number of shares that can be vested for each participant [18]. Share Listing and Restrictions - The shares from this vesting will be listed on July 4, 2025, with a total of 514,285 shares available for trading [1][20]. - There are restrictions on the transfer and sale of shares by directors and senior management, including a limit of 25% of their total holdings for sales [20]. Financial Impact - The total share capital will increase from 230,739,261 shares to 231,253,546 shares following the vesting, which will dilute earnings per share but is not expected to significantly impact the company's financial condition [21][22]. Legal and Compliance - The company has obtained necessary approvals and authorizations for the vesting of shares, ensuring compliance with relevant laws and regulations [22][23].