NEWAY(SH:603699) Zheng Quan Zhi Xing·2025-07-17 10:21Core Points - The company has approved the grant of 7,713,799 restricted shares under the 2025 Restricted Stock Incentive Plan at a price of 15.93 yuan per share, with the grant date set for July 17, 2025 [1][3][8] Summary by Sections 1. Grant of Restricted Shares - The company will grant 7,713,799 restricted shares to eligible participants as part of the 2025 incentive plan, with the grant price set at 15.93 yuan per share [1][3] - The decision was made during the 30th meeting of the fifth board of directors and the 23rd meeting of the fifth supervisory board [1][2] 2. Approval Process - The incentive plan was approved by the third extraordinary general meeting of shareholders in 2025, and the board was authorized to determine the grant date and manage related matters [2][8] - The supervisory board confirmed the eligibility of the participants and the compliance of the plan with legal requirements [8] 3. Conditions for Granting Shares - The company has established specific conditions that must be met for the grant of restricted shares, including the absence of negative audit opinions and compliance with legal regulations [3][4] - The board confirmed that both the company and the participants met all necessary conditions for the grant [4][8] 4. Vesting and Lock-up Period - The restricted shares will have a lock-up period of 12, 24, and 36 months, after which the shares can be released based on the fulfillment of certain conditions [5][6] - If the conditions for release are not met, the company will repurchase and cancel the unvested shares [5][6] 5. Financial Impact - The company will recognize the share-based payment expenses over the vesting period, which will be reflected in the operating results [9] - The estimated impact on net profit from the share-based payment expenses is expected to be minimal, with potential positive effects on company performance due to increased management motivation [9]