Shennong Group(SH:605296) Zheng Quan Zhi Xing·2025-07-28 16:26Core Viewpoint - The company has established a restrictive stock incentive plan for 2025 to ensure the effective implementation of its development strategy and operational goals, focusing on performance evaluation and incentive mechanisms for its management and key personnel [1][2]. Group 1: Assessment Objectives and Principles - The purpose of the assessment is to enhance the corporate governance structure and improve the performance evaluation system and incentive mechanisms for the management team and core employees, ensuring the successful implementation of the incentive plan and the achievement of long-term strategic goals [1]. - The assessment must adhere to principles of fairness, openness, and justice, linking the incentive plan closely with the performance and contributions of the incentivized individuals to maximize the interests of the company and its shareholders [1][2]. Group 2: Assessment Scope and Institutions - The assessment applies to all individuals participating in the incentive plan [2]. - The Human Resources Department is responsible for the specific assessment work, maintaining assessment results, and preparing performance assessment reports for submission to the Board's Compensation and Assessment Committee [2][5]. Group 3: Performance Evaluation Indicators and Standards - The performance evaluation for the first grant of restricted stocks requires the company to meet one of two conditions for each assessment year, based on 2024 performance: - For 2025, a revenue growth rate of no less than 10% or a pig slaughter volume growth rate of no less than 5% with a breeding cost not exceeding 12.80 yuan/kg [2][3]. - For 2026, a revenue growth rate of no less than 24% or a pig slaughter volume growth rate of no less than 10% with a breeding cost not exceeding 12.50 yuan/kg [2][4]. - For 2027, a revenue growth rate of no less than 64% or a pig slaughter volume growth rate of no less than 15% with a breeding cost not exceeding 12.20 yuan/kg [2][4]. Group 4: Assessment Results and Management - If the company fails to meet the performance targets, all restricted stocks granted to the incentivized individuals for that year will not be released, and the company will repurchase and cancel them at the grant price plus bank interest [4][5]. - The individual assessment results will determine the percentage of restricted stocks that can be released, with categories ranging from "Excellent" (100%) to "Unqualified" (0%) [4][5]. - The assessment results are confidential and must be archived for at least five years, with the Compensation and Assessment Committee retaining all assessment records [5][6].