S-KING(SH:688328) Zheng Quan Zhi Xing·2025-07-17 11:11Core Viewpoint - The company has announced a restricted stock incentive plan for 2025, aiming to attract and retain talent while aligning the interests of shareholders, the company, and employees [1][2]. Group 1: Incentive Plan Overview - The incentive method is through the issuance of second-class restricted stocks [1][2]. - A total of 1,230,000 restricted stocks will be granted, representing 1.30% of the company's total share capital of 94,456,295 shares [1][2]. Group 2: Purpose and Principles - The plan aims to enhance the long-term incentive mechanism, motivate employees, and ensure a focus on the company's long-term development while safeguarding shareholder interests [1][2]. Group 3: Stock Distribution - The distribution of restricted stocks among key personnel includes: - 300,000 shares to Zhou Yongliang (24.39%) - 150,000 shares to Zheng Yiping (12.19%) - 70,000 shares to Lin Guangman (5.69%) - 32,000 shares each to Wang Shiping, Han Ningning, and Zhuang Qingbo (2.60% each) - 614,000 shares to other incentivized personnel [2]. Group 4: Validity and Granting Conditions - The plan is valid for a maximum of 36 months from the grant date, which will be determined after shareholder approval [4]. - The grant price for the restricted stocks is set at 11.50 yuan per share, approximately 50.51% of the trading average price prior to the announcement [7][8]. Group 5: Performance Assessment - The performance assessment for the incentive plan will be based on the company's revenue and net profit for the fiscal years 2025 and 2026, with specific targets set for each year [11][12]. - The assessment will determine the proportion of stocks that can be vested based on the company's performance [11][12]. Group 6: Rights and Obligations - The company has the right to cancel unvested stocks if the incentive conditions are not met, while the incentivized personnel must comply with the terms of the stock grant agreement [21][23].