Jovo Energy(SH:605090) Shang Hai Zheng Quan Bao·2025-07-29 17:51Core Viewpoint - The announcement details the implementation and conditions of the 2024 Restricted Stock and Stock Option Incentive Plan of Jiangxi Jiufeng Energy Co., Ltd, including the approval process, stock issuance, and the unlocking of restricted stocks [2][3][4][6][11]. Summary by Sections Incentive Plan Approval and Implementation - The incentive plan was approved through several board and supervisory meetings, with the initial plan draft discussed on June 5, 2024, and subsequently approved by the board and supervisory committee [2][3][4]. - The plan includes the issuance of 923,560 shares for stock options, with a listing date set for August 5, 2025 [2][9]. Stock Issuance and Conditions - The first grant of restricted stocks was approved for 134 incentive targets, totaling 2.3485 million shares, with the grant date set as June 21, 2024 [4][5]. - The first unlocking period for the restricted stocks lasts from July 25, 2024, to July 24, 2025, allowing for a 40% release of the stocks [7][8]. Unlocking and Repurchase Conditions - The unlocking of the first batch of restricted stocks is confirmed, with 923,560 shares set to be released on August 5, 2025 [9]. - The company will repurchase and cancel 35,640 shares from incentive targets who have left the company or whose performance was deemed "qualified" [8][9]. Legal Compliance - The company has confirmed that all necessary approvals and authorizations for the unlocking of restricted stocks have been obtained, complying with relevant laws and regulations [11].