WENS FOODSTUFF GROUP CO.(SZ:300498) Zheng Quan Zhi Xing·2025-07-09 10:17Core Viewpoint - The announcement details the results of the second vesting period of the first grant of the fourth phase of the restricted stock incentive plan and the first vesting period of the reserved grant, indicating that the conditions for vesting have been met for a total of 3,850 eligible participants, with a total of 45,377,318 shares available for vesting [1][2][8] Summary by Sections Incentive Plan Overview - The fourth phase of the restricted stock incentive plan involves a total of 185,109,000 shares, accounting for 2.82% of the company's total share capital at the time of the announcement [3] - The first grant consists of 175,607,900 shares, representing 2.68% of the total share capital, while the reserved portion includes 9,501,100 shares, or 0.14% [3] Vesting Conditions and Results - The second vesting period for the first grant and the first vesting period for the reserved grant have been achieved, with 4,537,731.8 shares eligible for vesting [2][8] - The vesting conditions include specific performance targets related to the sales weight of livestock products and net profit thresholds [12][13] Share Distribution and Lock-up Arrangements - A total of 9,312,455 shares are subject to lock-up conditions for 8 years for certain participants, while the remaining shares will not have any lock-up restrictions after vesting [1][18] - The total number of shares with unrestricted transferability amounts to 36,064,863, held by 3,850 individuals [1][2] Financial Impact - The total share capital of the company remains at 6,653,926,433 shares post-vesting, with the distribution of restricted and unrestricted shares slightly adjusted [19] - The basic earnings per share for 2024 is projected to be 1.3872 yuan, indicating a dilution effect from the new share capital structure [20] Legal Compliance and Verification - The company has obtained necessary authorizations and approvals for the vesting process, confirming compliance with relevant regulations and the incentive plan [20]