YANTAI TAYHO(SZ:002254) Shang Hai Zheng Quan Bao·2025-08-13 18:14Core Viewpoint - The company has announced the first unlock period for its 2022 restricted stock incentive plan, allowing 65 eligible participants to unlock a total of 377,600 shares, which represents 0.044% of the company's total share capital of 857,213,183 shares [2][19]. Group 1: Incentive Plan Details - The first unlock period for the restricted stock incentive plan has been achieved, with the unlock date set for August 18, 2025 [3][19]. - The company granted a total of 19,920,000 restricted shares to 422 eligible participants in the incentive plan, with the initial grant dates on December 6, 2022, and August 17, 2023 [3][11]. - The approval process for the 2022 restricted stock incentive plan included multiple board meetings and government approvals, ensuring compliance with regulatory requirements [4][5][6]. Group 2: Unlock Conditions and Adjustments - The unlock conditions for the first period were based on a 24-month lock-up period following the registration of the restricted shares, allowing for 40% of the total granted shares to be unlocked [11][12]. - The company has made adjustments to the number of restricted shares due to various factors, including employee departures and performance evaluations, resulting in changes to the total number of shares available for future grants [14][15][17]. - Following the completion of the unlock and repurchase processes, the remaining restricted shares in the incentive plan will be adjusted accordingly, reflecting the current number of eligible participants and shares [18][19].