Wuhan Lin(SH:688667) Zheng Quan Zhi Xing·2025-07-07 16:13Core Points - The company announced the fulfillment of vesting conditions for the first grant of the 2021 and 2023 restricted stock incentive plans, totaling 418,257 shares [1][24] - The 2021 incentive plan includes a total of 2,398,250 shares, with 1,918,600 shares granted initially and 479,650 shares reserved [2][24] - The 2023 incentive plan involves 1,353,647 shares, with 1,095,597 shares granted initially and 258,050 shares reserved [13][24] Summary by Sections 1. Incentive Plan Overview - The 2021 incentive plan was approved with a total grant of 2,398,250 shares, representing 4.65% of the company's total share capital as of the announcement date [2] - The 2023 incentive plan was approved with a total grant of 1,353,647 shares, representing 2.61% of the company's total share capital as of the announcement date [13] 2. Vesting Conditions - For the 2021 plan, the vesting schedule includes five periods with specific performance targets based on revenue growth rates ranging from 12% to 80% [3][4] - The 2023 plan has a similar structure, with vesting periods and performance targets set at 30% to 50% for the first two periods and 40% for the third period [13][15] 3. Grant Details - The adjusted grant price for the 2021 plan is 35.85 CNY per share, while the adjusted grant price for the 2023 plan is 40.075 CNY per share [2][13] - The number of participants in the 2021 plan is 221 for the initial grant and 45 for the reserved grant, while the 2023 plan includes 326 participants for the initial grant and 69 for the reserved grant [2][13] 4. Approval and Implementation - The board of directors and supervisory board have reviewed and approved the vesting conditions for the 2021 and 2023 plans, confirming that the conditions have been met for the specified shares [24][25] - The company has conducted internal reviews and public disclosures regarding the incentive plans and compliance with regulations [6][20]