WEDGE(SZ:000534) Zheng Quan Zhi Xing·2025-08-03 16:18Core Viewpoint - The announcement details the completion of the registration for the first grant of restricted stock under the company's 2025 equity incentive plan, which involves 5.7135 million shares granted to 208 individuals, with a listing date set for August 6, 2025 [1][13]. Summary by Sections 1. Approval Procedures - The 2025 equity incentive plan underwent several approval steps, including meetings of the compensation and assessment committee and the board of directors, culminating in a shareholder meeting on July 14, 2025, which approved the plan [2][3][12]. 2. Grant Details - The first grant date for the restricted stock was July 17, 2025, with a total of 5.7225 million shares initially planned, but adjusted to 5.7135 million shares after 9 individuals voluntarily forfeited their allocations [5][12]. - The grant price for the restricted stock was set at 7.35 yuan per share [5]. 3. Vesting Schedule - The restricted stock has a vesting period of 12, 24, and 36 months from the date of registration completion, with specific conditions for release [6][7]. - The release conditions include achieving certain performance targets related to revenue and net profit growth over the years 2025 to 2027 [9][10]. 4. Performance Targets - For the first vesting period, the company must achieve a revenue growth rate of at least 18.20% or a net profit growth rate of at least 30.00% based on 2024 figures [9]. - Subsequent years have progressively higher targets, with the final year requiring a revenue growth of at least 65.14% or a net profit growth of at least 119.70% [10]. 5. Shareholder Structure - Following the grant, the total number of shares will increase, but the controlling shareholder's percentage remains unchanged at 32.53%, ensuring that the controlling structure of the company is maintained [14]. 6. Fund Utilization - The funds raised from the issuance of restricted stock will be used to supplement the company's working capital [13].