Sinomag Tech.(SZ:300835) Zheng Quan Zhi Xing·2025-07-03 16:26Core Points - The company announced the lifting of restrictions on 437,458 shares of restricted stock on July 8, 2025, which represents 0.3665% of the total share capital [1][14] - A total of 86 individuals are eligible for the lifting of restrictions under the 2023 Restricted Stock Incentive Plan [1][14] - The second lifting of restrictions is based on the fulfillment of specific performance conditions outlined in the incentive plan [6][9] Summary by Sections Incentive Plan Approval and Conditions - The board of directors and the supervisory board approved the lifting of restrictions on the second phase of the 2023 Restricted Stock Incentive Plan during meetings held on July 1, 2025 [1][2] - The plan's second lifting period lasts from the completion of the stock grant registration for 24 months, with the lifting conditions needing to be met [6][9] Performance Metrics - The performance metrics for the lifting of restrictions include revenue growth and net profit growth, with specific targets set based on the company's 2022 financial performance [8][10] - The company achieved a revenue of approximately 1.17 billion yuan and a net profit of approximately 111 million yuan for the year 2024, meeting the required performance conditions [8][10] Changes in Incentive Plan Participants - The number of eligible participants in the incentive plan was adjusted from 92 to 91 due to one participant voluntarily opting out [11][12] - The stock grant price was adjusted from 17.67 yuan to 17.47 yuan per share following the company's 2022 equity distribution [11][12] Stock Buyback and Cancellation - The company has conducted buybacks and cancellations of restricted stocks due to participants leaving the company or not meeting performance targets, resulting in a reduction of eligible shares [12][14] - A total of 739,096 shares were repurchased and canceled due to performance not meeting the set targets for the first lifting period [12][14]