Soling Industrlal(SZ:002766) Zheng Quan Zhi Xing·2025-07-17 16:29Core Viewpoint - The report discusses the approval and conditions for the third unlock period and exercise conditions of the stock options and restricted stocks under the 2022 incentive plan of Shenzhen Suoling Industrial Co., Ltd. [9][12] Summary by Sections Section 1: Definitions - The report defines key terms related to the incentive plan, including "incentive objects," "restricted stocks," and "stock options," which are crucial for understanding the plan's structure and execution [1][2]. Section 2: Approval Process - The incentive plan has undergone necessary approval procedures, including resolutions from the board and independent directors, confirming compliance with relevant laws and regulations [4][5][6]. Section 3: Conditions for Unlocking and Exercising - The third unlock period for the restricted stocks is defined as starting from the first trading day after 36 months from the initial grant date until the last trading day within 48 months [9]. - The performance targets for the unlock conditions include a revenue growth rate of no less than 45% based on the 2021 revenue [10]. Section 4: Performance Assessment - The performance assessment for the incentive objects is categorized into "qualified" and "unqualified," affecting their eligibility for unlocking and exercising their stocks and options [11]. Section 5: Stock Options and Restricted Stocks - A total of 103,500 shares of restricted stocks can be unlocked for 5 eligible incentive objects, representing 0.12% of the company's total share capital [13]. - The stock options available for exercise amount to 790,500, with 68 eligible incentive objects [14]. Section 6: Impact on Company Structure - The exercise of stock options is not expected to significantly impact the company's shareholding structure, ensuring that the controlling shareholder remains unchanged [15]. Section 7: Compliance and Conclusion - The independent financial advisor confirms that all necessary approvals for the third unlock period and stock option exercise conditions have been met, and the procedures for stock option cancellation are compliant with regulations [12][16].