SHAONENG(SZ:000601) Zheng Quan Zhi Xing·2025-07-03 16:26Core Viewpoint - The company has established a 2025 Restricted Stock Incentive Plan to enhance its governance structure and align the interests of shareholders with management and key personnel, ensuring the achievement of future strategic and operational goals [1][2]. Summary by Sections General Principles - The purpose of the assessment is to improve the company's governance structure and establish an effective incentive mechanism to ensure the successful implementation of the stock incentive plan [2]. - The assessment will be based on principles of openness, fairness, and justice, closely linking the incentive plan with the performance and contributions of the incentivized individuals [2]. - The assessment targets include directors, senior management, and other personnel deemed necessary for incentives, with independent directors excluded from participation [2][3]. Assessment Organization and Management - The Human Resources Department, under the guidance of the Board's Compensation and Assessment Committee, is responsible for the specific assessment work and maintaining the integrity of the assessment results [3]. - The first grant of restricted stocks will occur before the disclosure of the third-quarter report in 2025, with assessment years set for 2025, 2026, and 2027, conducted annually [3][4]. Assessment Content - The performance assessment indicators for the incentive plan are structured in three phases, with annual assessments determining the conditions for lifting restrictions on the stocks [4]. - The performance targets for the first grant of restricted stocks are as follows: - For 2025, a net profit growth rate of no less than 30% based on the 2024 net profit [4]. - For 2026, a net profit growth rate of no less than 64% [4]. - For 2027, a net profit growth rate of no less than 97% [4]. - If the performance targets are met, the lifting of restrictions will be 100%; if not, the stocks cannot be released and will be repurchased by the company [4]. Management of Assessment Results - The assessment results will be confidentially archived for at least five years, with provisions for appeal to the Compensation Committee if disputes arise [4][5]. - The Board of Directors is responsible for the formulation, interpretation, and revision of the assessment management measures [5].