SRBC(SH:600039) Zheng Quan Zhi Xing·2025-07-08 11:15Core Viewpoint - The announcement details the second unlock period of the 2021 Restricted Stock Incentive Plan for Sichuan Road and Bridge Group Co., Ltd, allowing 11,927,160 shares to be listed and traded starting from July 14, 2025, following the fulfillment of specific performance conditions [1][11][21]. Summary by Sections 1. Incentive Plan Approval and Implementation - The board of directors approved the 2021 Restricted Stock Incentive Plan and its implementation procedures, including the list of initial incentive recipients [2][3]. - The plan allows for the granting of up to 43.75 million shares, with 29.97 million shares granted to 308 initial recipients on May 6, 2022, and 8.74 million shares reserved for 110 additional recipients on July 26, 2022 [6][11]. 2. Unlock Conditions and Performance Metrics - The second unlock period allows for a 30% release of shares, contingent upon meeting specific performance targets, including a minimum revenue of 110 billion yuan and a net profit of at least 8 billion yuan for 2023 [11][12]. - The company achieved a net profit of 90.18 billion yuan for 2023, surpassing the target, and a revenue of 1150.42 billion yuan, also exceeding the requirement [11][12]. 3. Shareholder and Legal Compliance - The company received necessary approvals from the Shudao Investment Group and confirmed compliance with relevant regulations regarding the incentive plan [3][21]. - The legal advisor concluded that the conditions for the unlock have been met, and the company must fulfill its disclosure obligations regarding the unlock process [21]. 4. Stock Structure Changes - Following the unlock, the total number of unrestricted shares will increase by 11,927,160, resulting in a new total of 6,715,566,605 unrestricted shares [19][20]. - The total number of restricted shares will decrease to 1,994,472,880 after the unlock [20].