Summary of Key Points Core Viewpoint The announcement details the achievement of the first vesting conditions for the 2024 Restricted Stock Incentive Plan of Wuxi Xinhongye Cable Technology Co., Ltd, indicating that the company is moving forward with its incentive program aimed at motivating key personnel. Group 1: Incentive Plan Overview - The incentive plan involves 28 eligible participants with a total of 696,000 shares to be vested, representing 0.51% of the company's total share capital [1][9]. - The vesting price for the shares is set at 16.13 yuan per share after adjustments [1][9]. - The plan was approved by the company's board and shareholders, focusing on core technical personnel [1][4]. Group 2: Vesting Conditions and Performance Metrics - The plan has a maximum validity of 42 months from the grant date, with specific vesting schedules outlined [2][3]. - The performance assessment for the first vesting period includes revenue growth of 15% and net profit growth of 15% compared to 2023 [4][13]. - The company achieved a revenue of approximately 2.65 billion yuan in 2024, with a growth rate of 32.33%, meeting the performance criteria [4][13]. Group 3: Approval and Compliance - The board confirmed that the vesting conditions have been met, allowing the company to proceed with the vesting of shares [9][17]. - The plan includes provisions for additional lock-up periods for vested shares, ensuring that participants cannot transfer shares for six months post-vesting [3][5]. - Legal opinions affirm that the plan complies with relevant laws and regulations, ensuring its validity [18].
鑫宏业: 关于公司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