Megmeet(SZ:002851) Zheng Quan Zhi Xing·2025-07-02 16:24Core Viewpoint - Shenzhen Magmeter Electric Co., Ltd. has completed the registration of the 2025 Restricted Stock Incentive Plan, which aims to motivate key personnel and enhance company performance through stock incentives [1][2][3]. Group 1: Decision Process and Disclosure - The decision-making process for the incentive plan was approved by the board on May 29, 2025, and the list of incentive targets was verified by the supervisory board [2][3]. - The company publicly announced the names and positions of the incentive targets from May 30 to June 8, 2025, with no objections received [2]. - The plan was approved at the third extraordinary general meeting of shareholders on June 17, 2025, along with a self-examination report regarding insider trading [3][4]. Group 2: Stock Grant Details - The grant date for the restricted stock was set for June 17, 2025, with a grant price of 22.97 yuan per share [4][5]. - A total of 3,089,000 shares were granted to 240 incentive targets, with the total number of shares remaining unchanged despite some individuals voluntarily waiving their rights [11][12]. Group 3: Vesting Conditions - The effective period of the incentive plan is up to 48 months, with different vesting periods for the granted shares [6][7]. - The vesting schedule includes three phases: 30% after 12 months, another 30% after 24 months, and 40% after 36 months [7][8]. - The vesting of shares is contingent upon meeting specific performance targets related to revenue growth over the years 2025 to 2027 [9][10]. Group 4: Financial Impact - The total estimated cost of the granted shares is approximately 45.54 million yuan, which will be amortized over the vesting period [16][17]. - The incentive plan is expected to positively impact the company's long-term performance by motivating key employees and improving operational efficiency [17]. Group 5: Share Capital Structure - The stock structure remains unchanged post-grant, with the total share capital at 547,693,154 shares, ensuring compliance with listing conditions [13][14]. - The company has repurchased shares from the secondary market to fund the incentive plan, with a total of 3,089,000 shares repurchased at prices ranging from 16.63 to 24.57 yuan per share [12][15]. Group 6: Compliance and Verification - The subscription funds for the restricted stock were verified by Zhonghui Accounting Firm, confirming the receipt of 70,954,330 yuan from the incentive targets [13][14]. - The plan does not affect the company's earnings per share, as the total share capital remains unchanged [15].