SANHUA(SZ:002050) Zheng Quan Zhi Xing·2025-07-28 16:26Core Viewpoint - Zhejiang Sanhua Intelligent Control Co., Ltd. has announced the lifting of restrictions on 7,252,500 shares under its 2024 Restricted Stock Incentive Plan, which represents 0.1723% of the company's total A and H shares [1][4]. Summary by Sections 1. Overview of the 2024 Restricted Stock Incentive Plan - The first lifting of restrictions is based on the fulfillment of specific conditions set forth in the 2024 Restricted Stock Incentive Plan [1][4]. - The first lifting period for the restricted stock is from 12 months after the grant date, which is May 13, 2024, until the last trading day within 24 months from the grant date [4]. 2. Conditions for Lifting Restrictions - The lifting of restrictions is contingent upon the company not receiving any negative audit opinions and meeting performance assessment requirements [4][6]. - The company achieved a weighted average return on net assets of 17.42%, excluding idle raised funds [7][8]. 3. Details of the Restricted Shares - The total number of restricted shares that can be lifted is 7,252,500, with 30% of the granted shares eligible for lifting during the first period [4][6]. - The company has confirmed that the lifting conditions have been met, allowing for the release of these shares [4][10]. 4. Changes in Share Capital Structure - Following the lifting of restrictions, the number of restricted shares will decrease from 55,318,502 to 48,066,002, while the total number of unrestricted shares will increase from 3,677,071,033 to 3,684,323,533 [9][10]. - The total share capital remains unchanged at 4,208,925,935 shares [9][10]. 5. Compliance and Governance - The company has ensured compliance with relevant laws and regulations regarding the trading of shares by directors and senior management, with 25% of their shares being tradable annually [10].