Shenzhen Tongyi Industry (SZ:300538) Zheng Quan Zhi Xing·2025-08-05 16:20Core Viewpoint - The report outlines the approval and implementation of Shenzhen Tongyi Industrial Co., Ltd.'s 2025 Restricted Stock Incentive Plan, detailing the conditions and processes for granting restricted stocks to eligible employees [1][2][3]. Group 1: Incentive Plan Overview - The 2025 Restricted Stock Incentive Plan aims to motivate and retain key personnel by granting restricted stocks based on performance and tenure [1][4]. - The plan includes specific performance targets related to revenue growth and net profit for the years 2025 and 2026, with a focus on achieving a 7% revenue growth in 2025 and a 14% growth in 2026 [11][12]. Group 2: Approval Process - The plan has undergone necessary approval procedures, including meetings of the Compensation and Assessment Committee and the Board of Directors, which approved the plan and its implementation details [4][5]. - The plan was publicly announced internally, and no objections were raised during the disclosure period [4][5]. Group 3: Granting Conditions - Eligible participants must meet specific conditions to receive restricted stocks, including the absence of negative audit opinions and compliance with legal regulations [6][9]. - The total number of restricted stocks granted does not exceed 1% of the company's total share capital, ensuring minimal dilution of existing shares [9][13]. Group 4: Vesting Schedule - The vesting of restricted stocks is structured in two phases: 50% after 12 months and the remaining 50% after 24 months, contingent upon meeting performance criteria [10][11]. - The plan stipulates that stocks cannot be transferred or used as collateral until they are vested [10].