Xingmin ITS(SZ:002355) Zheng Quan Zhi Xing·2025-07-29 16:43Core Points - The company is implementing a restricted stock incentive plan aimed at attracting and retaining talent while aligning the interests of shareholders, the company, and core team members [9][10] - The plan involves granting a total of 60.9296 million restricted shares, representing approximately 9.82% of the company's total share capital [2][3] - The initial grant price for the restricted shares is set at 3.47 yuan per share [3][21] Summary by Sections Incentive Plan Overview - The incentive plan is based on various laws and regulations, including the Company Law and Securities Law of the People's Republic of China [1] - The plan will be effective for a maximum of 48 months from the date of grant [3][16] Grant Details - The initial number of recipients is 96, including directors, senior management, and key personnel [2][12] - The plan reserves 1,218.592 million shares for future grants, which is 1.96% of the total share capital [2][15] Performance Targets - The performance targets for the release of shares are based on revenue growth rates, with specific thresholds set for each year from 2025 to 2027 [23][24] - If performance targets are not met, the shares will be repurchased by the company at the grant price plus interest [4][22] Management and Oversight - The company's board of directors and a compensation and assessment committee will oversee the implementation of the plan [10][11] - The plan requires approval from the shareholders' meeting before implementation [6][30] Adjustments and Compliance - The plan includes provisions for adjustments in the number and price of shares in case of corporate actions like stock dividends or capital increases [21][26] - The company commits not to provide financial assistance to recipients for purchasing shares [6][12]