AKL(SH:603722) Zheng Quan Zhi Xing·2025-07-17 16:12Core Viewpoint - The company has approved a restricted stock incentive plan, granting 2.02 million shares to 21 incentive targets at a price of 22.17 yuan per share, with the grant date set for July 17, 2025 [1][6][10]. Summary by Relevant Sections Incentive Plan Details - The restricted stock grant involves a total of 2.02 million shares, reduced from an initial 2.03 million due to the adjustment of one incentive target [6]. - The grant price is set at 22.17 yuan per share, and the shares will be locked immediately upon grant [6][8]. - The incentive plan is designed to enhance the company's competitiveness and sustainable development [8]. Approval Process - The plan has undergone necessary approval procedures, including reviews by the board's compensation and assessment committee and legal opinions from external counsel [2][11]. - The company held a shareholders' meeting on June 30, 2025, to approve the incentive plan and authorize the board to handle related matters [1][2]. Grant Conditions and Adjustments - The board confirmed that all conditions for the grant were met, including compliance with relevant regulations and internal policies [5][10]. - Adjustments were made to the list of incentive targets due to compliance issues related to insider trading [6][10]. Vesting Schedule - The restricted stocks will have different lock-up periods: 30% can be released after 12 months, another 30% after 24 months, and the remaining 40% after 36 months [7][8]. - The vesting schedule is intended to align the interests of the incentive targets with the long-term growth of the company [7]. Financial Impact - The total estimated cost of the stock incentive plan is approximately 35.55 million yuan, which will be accounted for in the company's financial statements over the vesting period [9]. - The company anticipates that the positive impact on performance from the incentive plan will outweigh the associated costs [9]. Legal Compliance - The legal opinion confirms that the adjustments and grants comply with the relevant regulations and that the incentive targets meet the necessary qualifications [11].