Summary of Key Points Core Viewpoint The announcement details the successful achievement of the first vesting conditions for the 2024 Restricted Stock Incentive Plan of Shanghai Zhaomin New Materials Technology Co., Ltd, allowing 56 eligible participants to vest a total of 482,000 shares of restricted stock. Group 1: Incentive Plan Overview - The 2024 Restricted Stock Incentive Plan was approved by the board on July 22, 2025, and includes middle management and key technical personnel [1][2] - A total of 56 eligible participants will vest 482,000 shares, with the vesting conditions successfully met [1][18] - The plan specifies that no individual can receive more than 1% of the total shares, and the total shares involved cannot exceed 20% of the company's total equity [1][2] Group 2: Vesting Conditions and Arrangements - The vesting period for the first grant is from July 18, 2025, to July 17, 2026, with a vesting ratio of 40% for the first year, 30% for the second, and 30% for the third [3][18] - The plan includes performance assessment criteria based on net profit growth, with specific targets set for the years 2024 to 2026 [20][21] - The performance targets are based on the previous year's net profit, with specific growth rates required to trigger vesting [20][21] Group 3: Approval and Compliance - The plan has undergone necessary approvals, including from the board and supervisory committee, ensuring compliance with relevant laws and regulations [13][24] - Legal opinions confirm that the vesting conditions have been met and the plan adheres to applicable laws [24][25] - The company will manage the vesting process in accordance with the established guidelines and ensure that all conditions are satisfied before shares are vested [4][22]
肇民科技: 关于2024年限制性股票激励计划首次授予部分第一个归属期归属条件成就的公告