CXPC(SH:600078) Zheng Quan Zhi Xing·2025-07-30 16:37Core Viewpoint - The independent financial advisory report outlines the stock incentive plan for Jiangsu Chengxing Phosphate Chemical Co., Ltd., detailing the conditions, beneficiaries, and implications for the company's performance and shareholder interests [1][19][27]. Group 1: Incentive Plan Overview - The stock incentive plan involves granting 20 million restricted stocks, representing 3.02% of the company's total share capital of 662.5729 million shares [6][8]. - The plan targets 86 individuals, approximately 3.71% of the total workforce of 2,317 employees, including directors, senior management, and key personnel [6][7]. - The grant price for the restricted stocks is set at 3.21 RMB per share, which is aligned with regulatory requirements [14][22]. Group 2: Performance Conditions - The release of the restricted stocks is contingent upon achieving specific performance targets over three years, with revenue targets of 3.8 billion RMB in 2025, 4.3 billion RMB in 2026, and 5 billion RMB in 2027 [17][18]. - The performance assessment will consider both company-level and individual-level metrics, ensuring alignment between management incentives and shareholder interests [27][28]. Group 3: Compliance and Feasibility - The plan complies with relevant laws and regulations, ensuring that it does not harm the interests of the company or its shareholders [19][21]. - The financial advisor confirms that the plan's execution procedures are feasible and align with the company's strategic goals [20][21]. Group 4: Impact on Company and Shareholders - The implementation of the incentive plan is expected to positively influence the company's operational sustainability and shareholder equity by aligning management's interests with those of the shareholders [26][27]. - The plan is designed to foster long-term performance improvements, linking stock price appreciation to the overall success of the company [27].