HCR(SH:688500) Zheng Quan Zhi Xing·2025-07-10 11:12Summary of Key Points Core Viewpoint - The announcement details the results of the first category of restricted stock grants under the 2025 incentive plan by Beijing Huichen Zidao Information Co., Ltd, highlighting the number of shares granted, the participants, and the implications for the company's capital structure and financial status [1][2][3]. Group 1: Grant Details - The first category of restricted stock was registered on July 9, 2025, with a total of 1.8808 million shares granted [1]. - A total of 64 individuals received the restricted stock, with 4.52 thousand shares voluntarily forfeited by 8 participants [2]. - The distribution of the granted shares shows that 90.43% of the shares were allocated to core technical personnel and key staff [2]. Group 2: Terms and Conditions - The effective period for the restricted stock is up to 36 months from the date of registration, with a lock-up period of 12 and 24 months for different portions of the stock [3]. - The release of restrictions is scheduled in two phases: 50% after 12 months and the remaining 50% after 24 months [3]. Group 3: Financial Implications - The total funds raised from the stock grants amounted to approximately RMB 31.65 million, which will be used to supplement the company's working capital [4][6]. - The stock grant will result in an increase in the company's total share capital from 74,274,510 shares to 75,196,710 shares, maintaining compliance with listing requirements [5]. - The estimated total expense for the stock grants over the years 2025 to 2027 is approximately RMB 26.97 million, with annual amortization of costs detailed [6][7].