Shang Hai Zheng Quan Bao·2025-08-04 19:57Core Viewpoint - The announcement details the completion of the first vesting period for the 2023 restricted stock incentive plan of Qingdao Danuo Environmental Equipment Co., Ltd, with 1,155,000 shares set to be listed on August 8, 2025 [1][2][11]. Summary by Sections Stock Listing and Vesting Details - The total number of shares listed for circulation is 1,155,000 [2]. - The shares will be available for trading starting from August 8, 2025 [2]. - The decision-making process for the stock vesting was approved during the board meeting on October 31, 2023 [2][3]. Decision-Making Process - The board and supervisory committee approved the incentive plan and its related proposals during meetings held on October 31, 2023, and November 20, 2023 [3][6]. - The independent directors provided their consent for the proposals related to the incentive plan [3][6]. Vesting Conditions and Shareholder Approval - The plan was publicly disclosed, and no objections were raised during the internal announcement period [4]. - The shareholders approved the incentive plan during the extraordinary general meeting on November 16, 2023 [4]. Stock Source and Distribution - The shares for the incentive plan were issued as ordinary A-shares to the incentive recipients [7]. - A total of 45 individuals are included in the list of recipients for the stock vesting [7]. Impact on Share Capital and Financials - Following the vesting, the total share capital of the company increased from 123,071,000 shares to 124,226,000 shares [10]. - The newly vested shares represent approximately 0.94% of the total shares before the vesting, which is not expected to significantly impact the company's financial performance [12]. Verification and Registration - The company received a verification report confirming the completion of the share registration process for the incentive plan [11]. - The total funds received from the incentive recipients amounted to RMB 10,672,200, contributing to an increase in registered capital [10].