XREC(SZ:000598) Zheng Quan Zhi Xing·2025-07-07 16:06Core Viewpoint - The company has completed the second unlock period of its 2022 restricted stock incentive plan, allowing 510 eligible participants to unlock a total of 4.545 million shares, which will be listed for trading on July 9, 2025 [1][13]. Summary by Sections Incentive Plan Approval and Disclosure - The company held board and supervisory meetings to approve the 2022 restricted stock incentive plan and its related management measures [1][3]. - The plan was filed with the Chengdu State-owned Assets Supervision and Administration Commission, which provided a principle agreement for the plan [2]. Unlock Conditions and Compliance - The second unlock period has been reached, with the conditions for unlocking met, including no significant objections from supervisory bodies and compliance with financial reporting standards [6][9]. - The company maintained a sound governance structure and met performance assessment requirements, including a minimum earnings per share of 0.5884 yuan and revenue of at least 8 billion yuan for 2023 [9][10]. Unlock Details - A total of 4.545 million shares will be unlocked, representing approximately 0.1523% of the company's total share capital [14]. - The number of eligible participants for this unlock is 510, with the total number of restricted shares granted being 1,515 million [14][15]. Changes in Share Structure - Following the unlock, the structure of the company's shares will change, with the number of restricted shares decreasing from 9,636,500 to 5,091,500, while unrestricted shares will increase accordingly [17]. Documentation and Legal Compliance - The company has prepared various documents for review, including board resolutions and legal opinions, to ensure compliance with regulations [18].