BLT(SH:688333) Zheng Quan Zhi Xing·2025-08-13 11:11Core Viewpoint - The company has announced the fulfillment of conditions for the fourth vesting period of its stock incentive plan, allowing for the allocation of 2.062802 million shares to eligible participants [1][13][19]. Summary by Sections Stock Incentive Plan Implementation - The total number of restricted stocks granted under the incentive plan is 4 million shares, representing 5.0% of the company's total share capital of 80 million shares [1][12]. - The initial grant of 3.2 million shares accounts for 4.0% of the total share capital at the time of the announcement [1][12]. Adjustments and Conditions - Adjustments to unvested shares were made following capital increases and cash dividends, with the unvested amount changing from 237.375 thousand shares to 332.325 thousand shares after a capital increase in September 2022 [2]. - The grant price for the shares is set at 7.0224 yuan per share [2][12]. Vesting Schedule - The vesting schedule is divided into four periods, each allowing for 25% of the granted shares to vest after specific time frames [3][4]. - The fourth vesting period is defined as the period from November 18, 2024, to November 14, 2025 [13]. Performance Assessment - The company has set performance targets based on revenue growth, with the fourth vesting period requiring a 30% increase in revenue compared to 2019 [4][16]. - The company achieved a revenue of approximately 1.154 billion yuan in 2023, reflecting a 37.57% increase from 2019, thus meeting the vesting conditions [16]. Individual Performance Evaluation - Individual performance assessments categorize results into five levels, with S and A grades allowing for full vesting, while B allows for 50% vesting, and C or D results lead to no vesting [5][16]. - For the current assessment, 83 participants received S/A ratings, resulting in a 100% vesting rate for their shares [17]. Final Allocation Details - A total of 206.2802 million shares are set to vest for 85 eligible participants, with the allocation process to be conducted in accordance with regulatory requirements [19]. - The company confirms that all participants meet the necessary qualifications and that the vesting conditions have been satisfied [19].