SUNWAY COMM(SZ:300136) Zheng Quan Zhi Xing·2025-08-15 04:09Core Viewpoint - The report discusses the fourth equity incentive plan of Shenzhen Sineva Communication Co., Ltd., detailing the approval process and the conditions for the first vesting period of the incentive plan [1][2][6]. Group 1: Approval Process - On August 21, 2024, the company held the tenth meeting of the fifth board of directors, where it approved the draft of the fourth equity incentive plan and related proposals [4]. - The eighth meeting of the fifth supervisory board on the same day also approved the relevant proposals regarding the incentive plan [4]. - A public notice regarding the proposed incentive recipients was conducted from August 26 to September 4, 2024, with no objections received [5]. Group 2: Vesting Conditions - The first vesting period for the incentive plan is set from September 10, 2025, to September 9, 2026, with a total of 1.64 million shares available for vesting to 11 eligible recipients [7][9]. - The vesting conditions have been met, and the company has received necessary approvals to proceed with the vesting of the shares [6][9]. Group 3: Adjustments and Compliance - The grant price for the second type of restricted stock was adjusted from 9.15 yuan per share to 9.10 yuan per share due to the implementation of the 2024 profit distribution plan [6][7]. - The independent financial advisor confirmed that the adjustments and the vesting conditions comply with relevant regulations and the incentive plan [9].