R&Y(SH:603286) Zheng Quan Zhi Xing·2025-07-03 16:26Core Points - The company Jiangsu Riying Electronics Co., Ltd. has announced the first unlock period for its 2024 restricted stock and stock option incentive plan, with 678,900 shares set to be listed for trading on July 9, 2025 [1][10] - The incentive plan includes a total of 104 participants, with the unlocked shares representing 0.58% of the company's total shares [9][10] - The first unlock period for the restricted stock will last from July 9, 2025, to July 8, 2026, following a 12-month lock-up period [6][10] Summary by Sections Incentive Plan Overview - The incentive plan involves the issuance of restricted stocks and stock options, with the first grant approved by the board of directors [2][4] - The plan has undergone public disclosure, and no objections were raised during the review period [1][2] Unlock Conditions - The board has confirmed that all conditions for the first unlock period have been met, including performance metrics based on a minimum revenue growth rate of 12% from 2023 to 2024 [7][9] - The company has not faced any adverse audit opinions or regulatory penalties that would affect the unlock conditions [7] Stock Listing and Share Structure - The shares to be unlocked will be available for trading starting July 9, 2025, with specific restrictions on transfer for directors and senior management [10] - Following the unlock, the company's share structure will change, reducing the number of restricted shares from 2,688,000 to 2,009,100, while increasing the number of unrestricted shares [10] Legal Compliance - A legal opinion has been issued confirming that the conditions for the unlock have been satisfied and that the plan complies with relevant regulations [11]