Core Viewpoint - Zhejiang Xiasha Precision Manufacturing Co., Ltd. has approved the grant of 850,600 restricted stocks to 107 incentive objects as part of its 2025 restricted stock incentive plan, which aims to motivate key personnel and align their interests with the company's performance [1][6][12]. Summary by Sections 1. Overview of the 2025 Restricted Stock Incentive Plan - The plan was approved at the 2025 second extraordinary general meeting and includes granting restricted stocks to directors, senior management, and core personnel [1][6]. - The total number of restricted stocks granted is 850,600, with a vesting schedule over three periods: 40% after 12 months, 30% after 24 months, and 30% after 36 months [1][4]. 2. Conditions for Vesting - Vesting of the restricted stocks is contingent upon meeting specific performance targets based on revenue or net profit growth rates, with targets set at 20%, 40%, and 60% for the respective vesting periods [4][5]. - The company will repurchase unvested stocks if performance conditions are not met [3][4]. 3. Approval Process - The plan underwent necessary approvals, including reviews by the board and supervisory committee, with no objections raised during the public notice period [6][12]. - The board confirmed that all conditions for granting the stocks were satisfied, including compliance with relevant laws and regulations [7][12]. 4. Granting Details - The distribution of the granted stocks includes 21,000 shares to the secretary of the board and 829,600 shares to 106 core personnel [8]. - The total number of incentive objects was adjusted from 111 to 107 due to voluntary withdrawals by some individuals [8][12]. 5. Financial Impact - The estimated cost of the stock incentive plan will be amortized over the years 2025 to 2028, impacting the company's net profit, but the overall effect is expected to be minimal compared to the potential performance improvements [10][11]. - The grant price for the restricted stocks was adjusted to 38.79 yuan per share following a cash dividend distribution [9][12]. 6. Compliance and Legal Opinions - Legal opinions confirm that the plan complies with all relevant laws and regulations, and the necessary procedures for granting the stocks have been followed [13].
夏厦精密: 关于向激励对象首次授予限制性股票的公告