Leascend(SZ:300051) Zheng Quan Zhi Xing·2025-08-05 16:20Core Viewpoint - The company has announced that the first unlock period for the 2024 restricted stock incentive plan has been achieved, allowing 40 eligible participants to unlock a total of 2,043,600 shares, representing 0.55% of the company's total share capital [1][9][14]. Summary by Sections Incentive Plan Overview - The 2024 restricted stock incentive plan was approved by the board and supervisory committee, with the first unlock period conditions being met [1][2][3]. - The plan involves a total of 40 eligible participants who can unlock 2,043,600 shares [1][9]. Approval Process - The plan underwent several meetings and approvals, including the board meeting on June 12, 2024, and the shareholders' meeting on June 28, 2024, where the plan and its implementation were authorized [2][3][4]. - The supervisory committee verified the list of participants and provided necessary opinions [2][3]. Unlock Conditions - The first unlock period for the restricted stock is set at 12 months from the grant date, with a maximum unlock ratio of 40% [7][9]. - Conditions for unlocking include no adverse audit opinions, compliance with profit distribution regulations, and no disqualifying actions by the participants [8][9]. Performance Metrics - The company achieved the required performance metrics, with the 2024 revenue meeting the target values set in the incentive plan [9][10]. - Individual performance assessments will determine the actual unlock ratio for each participant, with results categorized as "Excellent/Good," "Qualified," or "Unqualified" [9][10]. Legal and Compliance - The supervisory committee confirmed that all participants meet the legal qualifications and conditions set forth in the incentive plan [14]. - Legal opinions affirm that the necessary approvals for the unlock have been obtained, and the company will continue to fulfill disclosure obligations [14].