Biwin Storage Technology (SH:688525) Zheng Quan Zhi Xing·2025-08-10 08:16Core Viewpoint - The report outlines the approval and implementation of the 2025 Restricted Stock Incentive Plan for Shenzhen Baiwei Storage Technology Co., Ltd, detailing the necessary procedures and conditions for stock grants to eligible employees [2][4][8]. Group 1: Approval Process - The 2025 Restricted Stock Incentive Plan has undergone necessary approval procedures, including the review of relevant proposals by the Board of Directors and the Compensation and Assessment Committee [4][8]. - The plan was publicly disclosed, and no objections were raised during the public notice period [3][4]. Group 2: Grant Conditions - The grant of the second category of restricted stocks is contingent upon meeting specific conditions, including the absence of negative audit opinions and compliance with legal regulations [4][5]. - The report confirms that as of the report date, the company and its incentive targets have not encountered any disqualifying circumstances [5][8]. Group 3: Stock Grant Details - The effective period for the second category of restricted stocks is from the grant date until all stocks are vested or become void, with a maximum duration of four years [6][7]. - The vesting schedule is structured in three phases, with specific timeframes and conditions for each phase [7]. Group 4: Financial Impact - The financial advisor recommends that the company accurately reflect the impact of the stock incentive plan on its financial status and operating results, adhering to relevant accounting standards [8]. - The report emphasizes the importance of considering potential dilution effects on shareholders [8]. Group 5: Compliance and Conclusion - The independent financial advisor concludes that the determination of grant price, targets, and quantities aligns with applicable laws and regulations, confirming compliance with the 2025 Restricted Stock Incentive Plan [8].