Core Viewpoint - Hunan Feiwo New Energy Technology Co., Ltd. has announced the first grant of restricted stock to 64 incentive objects under the 2025 equity incentive plan, with a total of 1.24 million shares granted at a price of 13.73 yuan per share, effective from July 1, 2025 [2][13][19] Summary by Sections Incentive Plan Overview - The 2025 equity incentive plan involves granting restricted stock sourced from repurchased A-shares or newly issued A-shares to incentive objects [2][13] - The total number of restricted shares granted is 1.24 million, representing 2.06% of the company's total share capital [14] Grant Details - The grant date is set for July 1, 2025, with 64 individuals receiving the restricted stock [13][19] - The grant price is established at 13.73 yuan per share [13][19] Performance Assessment - The performance assessment period for the incentive plan spans from 2025 to 2027, with specific revenue and profit targets set for each assessment year [5][6][8] - For the first vesting period, the cumulative revenue target is set at 4.7 billion yuan, while the second and third periods have targets of 4.35 billion yuan and 4.5 billion yuan respectively [5][6] Vesting Schedule - The vesting schedule includes three phases: 40% after 12 months, 30% after 24 months, and 30% after 36 months from the grant date [4][5] - If the reserved shares are granted before September 30, 2025, they will follow the same vesting schedule as the initial grant [4] Compliance and Approval - The plan has undergone necessary approvals from the board and supervisory committee, confirming that all conditions for granting the restricted stock have been met [12][19] - The supervisory committee has verified that the incentive objects meet the eligibility criteria outlined in the plan [18][19] Financial Impact - The implementation of the incentive plan is expected to have a financial impact, with costs amortized over the vesting period, but it is anticipated that the benefits in terms of employee motivation and company performance will outweigh these costs [16][17]
飞沃科技: 关于向2025年股权激励计划激励对象首次授予限制性股票的公告