MeiG(SZ:002881) Zheng Quan Zhi Xing·2025-07-25 16:26Core Viewpoint - The company has successfully completed the first unlock period for its stock option and restricted stock incentive plan for 2024, allowing 139,200 shares to be released from restrictions, which accounts for 0.5317% of the total share capital [1][5][9]. Summary by Sections Incentive Plan Approval Process - The company held its fourth board meeting on July 10, 2025, where it approved the conditions for the first unlock period of the restricted stock incentive plan [1][4]. - The incentive plan was publicly announced and went through a verification process by the supervisory board, with no objections raised during the public notice period [2][3]. Unlock Conditions - The first unlock period for the restricted stock was set for 12 months from the grant date, with 40% of the total restricted stock eligible for release [5]. - The unlock conditions included no negative audit opinions for the last fiscal year and no violations of regulations by the incentive recipients [6][7]. Performance Assessment - The performance targets for the first unlock period required a minimum of 30% growth in either revenue or net profit compared to the previous year [7][8]. - The company achieved a net profit of 135,571,540.00 yuan for 2024, reflecting a growth rate of 127.39% compared to the previous year, thus meeting the performance criteria for the unlock [8]. Changes in Share Structure - Following the unlock, the total number of restricted shares decreased from 3,510,000 to 2,118,000, while the total share capital remained at 261,801,844 shares [9][10]. - The proportion of restricted shares in circulation changed from 30.85% to 30.31% after the unlock [9].