TMT(SH:600458) Zheng Quan Zhi Xing·2025-07-18 16:31Core Viewpoint - The announcement details the first unlock period and listing of restricted stock under the 2022 stock incentive plan of Zhuzhou Times New Material Technology Co., Ltd, with a total of 653,400 shares set to be released on July 24, 2025 [1][12]. Summary by Sections Stock Incentive Plan Approval and Implementation - The stock incentive plan was approved by the ninth supervisory board and received consent from the State-owned Assets Supervision and Administration Commission [2]. - The plan underwent adjustments based on regulatory requirements and was publicly disclosed [2][3]. Granting of Restricted Stock - The initial grant of restricted stock was set at 19.68 million shares for 207 individuals at a price of RMB 5.65 per share, with a subsequent reserved grant of 2.1 million shares for 39 individuals at RMB 6.85 per share [4][6]. - Adjustments were made to the number of shares and recipients due to voluntary forfeitures by some participants [4][5]. Unlocking Conditions and Performance Assessment - The first unlock period for the reserved stock will end on July 23, 2025, with specific performance conditions that must be met for the shares to be released [8][12]. - The performance targets include a compound annual growth rate of at least 11.72% in revenue and a net asset return rate not lower than 4.70% [10][11]. Unlocking of Restricted Stock - A total of 241 individuals are eligible for the first unlock period, with 6.95 million shares available for release [6][12]. - The unlocking of shares will occur on July 24, 2025, with 653,400 shares being released, representing 0.07% of the company's total share capital [12][13]. Changes in Share Capital Structure - Following the unlocking, the number of restricted shares will decrease from 122,084,628 to 121,431,228, while the number of unrestricted shares will increase correspondingly [14]. Legal Opinion - The legal firm confirmed that the necessary approvals for the unlocking have been obtained and that the conditions for unlocking have been met [15].