ECT(SZ:300679) Zheng Quan Zhi Xing·2025-07-11 09:15Core Viewpoint - The company announced the first grant of restricted stock under the 2022 incentive plan, detailing the conditions for the first and second unlock periods for restricted shares, with specific numbers and percentages outlined for eligible participants [1][2][3]. Summary by Sections Incentive Plan Overview - The company held meetings on June 25, 2025, to approve the conditions for the first unlock period of the restricted stock incentive plan, allowing 544,600 shares to be listed for trading [2]. - The incentive plan includes two types of restricted stocks, with the first type being issued at a price of 19.01 yuan per share [3]. Unlocking Conditions - The first unlock period allows for 30% of the shares to be released after 12 months from the grant date, with subsequent unlock periods allowing for 40% and 30% respectively [3][4]. - The second unlock period for reserved shares allows for 50% to be released after 24 months from the grant date [4]. Performance Metrics - The performance targets for unlocking shares are based on annual revenue and net profit growth rates, with specific targets set for 2022, 2023, and 2024 [5][19]. - For 2022, the revenue growth target was set at 10%, while the net profit growth target was not specified [5]. Shareholder Approval and Adjustments - The company has undergone several meetings to adjust the incentive plan, including changes to the grant price due to the completion of the 2021 equity distribution [24]. - The grant price for the first type of restricted stock was adjusted from 19.01 yuan to 18.65 yuan per share [24]. Unlocking Results - As of July 16, 2025, a total of 54,600 shares will be released, with 28.71 million shares from the first unlock period and 25.75 million shares from the reserved grant [1][25]. - The company reported that all performance conditions for the unlocking of shares have been met, allowing for the release of shares as planned [19][26].