XREC(SZ:000598) Zheng Quan Zhi Xing·2025-07-01 16:41Core Viewpoint - The announcement details the completion of the second unlock period for the 2022 restricted stock incentive plan of Chengdu Xingrong Environment Co., Ltd, allowing 510 participants to unlock a total of 4.545 million shares, representing approximately 0.1523% of the company's total share capital [1][15][18]. Summary by Sections Incentive Plan Approval and Disclosure - The incentive plan was approved through various board and supervisory meetings held in April and May 2022, with independent directors and the supervisory board providing their consent [2][3][4]. - The plan was registered with the Chengdu State-owned Assets Supervision and Administration Commission, which provided a letter of principle agreement [2]. Unlock Conditions and Achievements - The second unlock period has been reached, with the conditions for unlocking met, including no significant objections from supervisory bodies regarding the company's performance [8][9]. - The company achieved the required performance metrics, including an earnings per share of 0.6204 yuan and revenue of 8.087 billion yuan for 2023, surpassing industry averages [10][11]. Unlock Details - A total of 510 individuals are eligible for unlocking, with 4.545 million shares available for release [15][18]. - The unlocking process follows the established schedule, with the second unlock period concluding on June 28, 2025 [8][9]. Changes in Incentive Participants - The company has seen a reduction in eligible participants, with 46 individuals no longer qualifying for the incentive plan, leading to the repurchase of 570,000 shares [17][19]. - The total number of participants currently stands at 510, with a total of 15.15 million shares granted under the plan [17]. Compliance and Legal Opinions - The board's remuneration and assessment committee confirmed that the unlocking conditions were met in accordance with relevant regulations [18]. - Legal and financial advisors have provided opinions affirming that the unlocking process complies with applicable laws and will not adversely affect the company's financial status or shareholder interests [18][19].