TZTEK(SH:688003) Zheng Quan Zhi Xing·2025-07-10 16:09Core Viewpoint - The announcement details the fulfillment of conditions for the fourth vesting period of the stock incentive plan, allowing 54,150 shares to vest for eligible participants [1][11][15]. Group 1: Stock Incentive Plan Overview - The total number of restricted stocks granted under the incentive plan is 4,290,000 shares, representing 2.22% of the company's total share capital at the time of the plan's announcement [1][2]. - The adjusted grant price for the restricted stocks is 14.1330 yuan per share [1][15]. - A total of 42 individuals are included in the incentive plan, consisting of core technical personnel and other key individuals deemed necessary for motivation [2][4]. Group 2: Vesting Schedule and Conditions - The vesting schedule includes five periods, with the fourth vesting period allowing for 15% of the total granted shares to vest [2][10]. - The performance targets for each vesting period are based on revenue and net profit growth rates compared to 2019 figures, with the fourth period requiring a revenue growth rate of at least 100% for 2023 [3][11]. - The personal performance assessment of participants is categorized into six levels, with only those rated B+ or above eligible for full vesting [4][18]. Group 3: Approval and Compliance - The board of directors and the supervisory board have approved the fulfillment of vesting conditions for the fourth period, confirming that all necessary conditions have been met [11][20]. - The company will proceed with the necessary disclosures and procedures to finalize the vesting of the shares [19][20]. - Legal and financial advisors have confirmed that the vesting conditions comply with relevant laws and regulations [20].