Yanmade(SH:688312) Zheng Quan Zhi Xing·2025-08-12 12:10Core Viewpoint - Shenzhen Oat Technology Co., Ltd. has announced the first grant of restricted stock under its 2025 incentive plan, with a total of 3.3 million shares to be granted at a price of 13.50 yuan per share to 73 incentive recipients on August 12, 2025 [1][10]. Summary by Sections Restricted Stock Grant Details - The first grant date for the restricted stock is set for August 12, 2025, with a total of 3.3 million shares, accounting for approximately 2.7472% of the company's total share capital [1][9]. - The incentive plan involves a second category of restricted stock, and the grant has been approved by the board of directors and the remuneration and assessment committee [1][3]. Decision-Making Process and Disclosure - The decision-making process for the restricted stock grant has been completed, and relevant documents have been disclosed on the Shanghai Stock Exchange website [2][3]. - The remuneration and assessment committee has verified the list of incentive recipients and found no objections during the public notice period [2][10]. Compliance with Grant Conditions - The board confirmed that both the company and the incentive recipients meet all necessary conditions for the grant, including no adverse audit opinions or violations of regulations [3][4]. - The incentive recipients include senior management and key technical personnel, excluding independent directors and major shareholders [5][11]. Grant Schedule and Vesting Conditions - The incentive plan has a maximum validity period of 72 months, with vesting occurring in stages starting 12 months after the grant date [6][8]. - The vesting schedule includes specific percentages of shares that will vest at different intervals, with the first vesting occurring 12 months after the grant [8][12]. Financial Impact and Accounting Treatment - The fair value of the restricted stock will be calculated using the Black-Scholes model, and the costs will be amortized over the vesting period [12][13]. - The implementation of the incentive plan is expected to have a controllable impact on the company's net profit, while also enhancing operational efficiency and reducing costs [12][13]. Legal Compliance - Legal opinions confirm that the grant has received all necessary approvals and complies with relevant laws and regulations [12][14].