Core Viewpoint - The announcement details the results of the first batch of stock vesting under the 2023 Restricted Stock Incentive Plan for Fujian Yuanxiang New Materials Co., Ltd, confirming that the vesting conditions have been met for the second vesting period [1][14][19]. Summary by Sections Stock Incentive Plan Overview - The 2023 Restricted Stock Incentive Plan was approved by the board and includes a total of 130,000 shares granted to 37 incentive objects at a price of 14.71 yuan per share [2][8]. - The plan's effective period lasts up to 48 months from the grant date, with vesting occurring in three phases: 30% after 12 months, 30% after 24 months, and 40% after 36 months [3][15]. Vesting Conditions - The vesting conditions include company performance metrics based on product sales growth and net profit for the years 2023 to 2025, with specific targets set for each year [5][6]. - For the second vesting period, the company must achieve a product sales growth rate of at least 40% or a net profit of at least 32 million yuan for 2024 [6][15]. Approval Process - The plan underwent several approval processes, including reviews by the board and supervisory committee, with independent opinions provided by legal and financial advisors [7][9]. - The first batch of shares for the second vesting period was registered, and the company confirmed that the vesting conditions were met [14][17]. Share Distribution and Impact - The total number of shares vested in the first batch is 34,800 shares, representing 30% of the granted shares [16]. - The company’s total share capital will increase from 64,540,000 to 64,888,000 shares following this vesting, which is not expected to significantly impact the company's financial status or control structure [18][19]. Legal Compliance - The legal opinions confirm that the vesting process complies with relevant laws and regulations, ensuring that the incentive plan adheres to the established guidelines [19].
远翔新材: 关于2023年限制性股票激励计划第二个归属期第一批次归属结果暨股份上市的公告