CXPC(SH:600078) Zheng Quan Zhi Xing·2025-08-15 13:20Core Viewpoint - Jiangsu Chengxing Phosphate Chemical Co., Ltd. has announced the first grant of restricted stock under its 2025 Restricted Stock Incentive Plan, with a total of 14.24 million shares granted to 79 individuals at a price of 3.21 yuan per share, effective from August 15, 2025 [1][5][11]. Group 1: Incentive Plan Details - The first grant date is set for August 15, 2025, with a total of 14.24 million shares to be granted [1][5]. - The number of individuals receiving the grant is 79, with a grant price of 3.21 yuan per share [1][5]. - The plan includes a vesting schedule where the restricted stocks will have a lock-up period of 12, 24, and 36 months, with specific percentages of shares becoming available for sale after each period [6][7]. Group 2: Compliance and Approval Process - The board of directors and the supervisory board have confirmed that all necessary procedures and disclosures have been completed for the incentive plan [2][3]. - The supervisory board has verified the eligibility of the incentive recipients, ensuring compliance with relevant regulations [10][12]. - The plan has been approved by the third extraordinary general meeting of shareholders in 2025, and adjustments to the recipient list were made due to voluntary withdrawals by 7 individuals [9][15]. Group 3: Financial Impact and Valuation - The fair value of the restricted stocks will be determined based on the market value on the grant date, considering the impact of lock-up clauses [13][14]. - The estimated share-based payment expenses will be amortized over the years 2025 to 2028, with a projected impact on net profit, although the overall effect is expected to be minimal [14][15]. - The incentive plan is anticipated to enhance company performance by motivating management and improving operational efficiency [14].