Kinwong(SH:603228) Zheng Quan Zhi Xing·2025-07-24 16:20Core Viewpoint - The announcement details the first unlock and listing of restricted stocks under the 2024 stock option and restricted stock incentive plan of Shenzhen Jingwang Electronics Co., Ltd, with a total of 4,542,812 shares to be unlocked on July 31, 2025 [1][2]. Summary by Sections Incentive Plan Approval and Implementation - The incentive plan has undergone necessary review procedures, including the approval of the draft plan and its management methods by the board and supervisory committee [2][3]. - The plan was publicly disclosed, and no objections were raised during the public notice period [3]. Unlocking Conditions - The first unlock period for the restricted stocks lasts from 12 months after the registration completion to the last trading day within 24 months [7]. - The company has not encountered any disqualifying events that would prevent the unlocking of shares [7][8]. Performance Assessment - The performance assessment for the incentive plan spans three fiscal years (2024-2026), with specific revenue and profit growth targets set for each year [10][11]. - The first unlock period's performance targets include a revenue growth rate of 31.09% compared to 2023 [11][12]. Unlocking Details - A total of 402 eligible incentive recipients will have their shares unlocked, representing 40% of the total granted restricted stocks [14][15]. - The total number of restricted stocks to be unlocked is 4,542,812 shares [14][15]. Share Capital Structure Changes - Following the unlocking, the number of restricted shares will decrease from 13,947,100 to 9,404,288, while the number of unrestricted shares will increase from 928,839,261 to 933,382,073 [16]. Legal Compliance - The legal opinion confirms that all necessary authorizations and approvals for the adjustments, repurchases, and unlockings have been obtained, ensuring compliance with relevant regulations [17].