Bestechnic (Shanghai) (SH:688608) Zheng Quan Zhi Xing·2025-07-07 14:13Core Viewpoint - The announcement details the fulfillment of conditions for the third vesting period of the restricted stock incentive plan, allowing 150 eligible participants to acquire a total of 428,852 shares at an adjusted price of 69.67 yuan per share [1][11]. Group 1: Stock Incentive Plan Overview - The total number of restricted stocks to be vested is 428,852 shares (adjusted) [1]. - The stock source is from the company's directed issuance of A-shares to incentive participants [1]. - The initial grant of restricted stocks under the 2022 incentive plan was 1,804,426 shares (adjusted), representing a certain percentage of the company's total equity [1]. Group 2: Vesting Schedule and Conditions - The vesting schedule includes four periods, with the third vesting period allowing for 30% of the shares to vest [2][3]. - The performance targets for each vesting period are set, with the third period requiring a revenue target of 3 billion yuan for 2024 [3][10]. - The vesting conditions include a minimum employment period of 12 months and meeting company-level performance targets [2][10]. Group 3: Approval and Compliance - The board of directors and the supervisory board have approved the fulfillment of vesting conditions for the third period, with a unanimous vote [10][13]. - The supervisory board confirmed that the 150 participants meet the eligibility criteria as per relevant laws and regulations [13]. - The company will handle the stock vesting and related registration procedures according to regulatory requirements [13][14].