HYATECH(SH:688510) Shang Hai Zheng Quan Bao·2025-08-11 19:38Core Viewpoint - The company has made significant adjustments to its stock incentive plan, including changes to the grant price and the status of unvested shares, reflecting its commitment to corporate governance and shareholder value [19][48]. Company Overview - The company is named Wuxi Hangya Technology Co., Ltd. and is listed under the stock code 688510 [1]. - The company held its fourth board meeting on August 11, 2025, with all directors present, ensuring compliance with legal and regulatory requirements [3][4]. Financial Data - The company reported that the initial grant price for the 2024 restricted stock incentive plan has been adjusted from 8.44 yuan per share to 8.24 yuan per share due to dividend distribution [19][24]. - The total number of restricted shares granted under the incentive plan is 5.5 million, with 4.5 million for initial grants and 1 million reserved for future grants [30]. Important Resolutions - The board unanimously approved the adjustment of the grant price for the 2024 restricted stock incentive plan [5][19]. - The board also approved the vesting of 1.64 million shares for 13 eligible participants, confirming that the vesting conditions have been met [41]. Stock Incentive Plan Adjustments - The company decided to void 340,000 shares of the restricted stock incentive plan due to two participants leaving the company and performance-related issues affecting others [48][52]. - The adjustments made to the stock incentive plan are in line with the company's governance policies and do not adversely affect its financial status or operational results [26][54]. Legal Compliance - The company has ensured that all adjustments and decisions regarding the stock incentive plan have been made in accordance with relevant laws and regulations, with legal opinions confirming the validity of these actions [27][45].