Zhejiang Zhaolong Interconnect Technology (SZ:300913) Zheng Quan Zhi Xing·2025-07-21 16:13Core Viewpoint - The announcement details the implementation of the 2022 Restricted Stock Incentive Plan by Zhejiang Zhaolong Interconnect Technology Co., Ltd., including the results of the third vesting period for the initial grant and the second vesting period for the reserved grant, confirming that the conditions for vesting have been met [1][15][27]. Summary by Sections Incentive Plan Overview - The incentive plan was approved on July 4, 2022, with a total of 2.25 million shares granted initially, representing 1.22% of the company's total share capital at the time [1][4]. - The reserved portion consists of 350,000 shares, accounting for 0.19% of the total share capital [1][4]. Vesting Conditions - The vesting of the restricted stocks is contingent upon meeting specific performance targets based on revenue and net profit growth rates compared to 2021 [4][5]. - The first vesting period requires a revenue growth rate of at least 15% or a net profit growth rate of at least 10% for 2022 [4][5]. - The second vesting period requires a revenue growth rate of at least 30% or a net profit growth rate of at least 20% for 2023 [4][5]. - The third vesting period requires a revenue growth rate of at least 45% or a net profit growth rate of at least 30% for 2024 [4][5]. Performance Assessment - Individual performance assessments are conducted annually, with results categorized as "Excellent," "Good," "Qualified," or "Unqualified," affecting the actual number of shares vested [6][19]. - The performance assessment results for 2024 indicated that 75 individuals from the initial grant and 45 from the reserved grant achieved "Excellent" and "Good" ratings, allowing for full vesting [19]. Vesting Results - As of July 24, 2025, a total of 1,016,668 shares from the initial grant and 219,912 shares from the reserved grant will be vested [20]. - The adjusted vesting price is set at 4.28 yuan per share [20][24]. Share Listing and Impact - The vested shares will be listed for trading on July 24, 2025, with no additional lock-up period imposed on the shares post-vesting [24][26]. - The total number of shares post-vesting will be 312,710,663, with no significant impact on the company's shareholding structure [26]. Legal and Compliance - The incentive plan has been executed in accordance with relevant regulations, and necessary approvals have been obtained [27][28].