Core Viewpoint - The company, Anhui Xindong Link Technology Co., Ltd., has announced a new stock incentive plan involving the issuance of 3.2 million restricted stocks to attract and retain talent, aligning the interests of shareholders, the company, and core team members [1][2][3]. Group 1: Purpose of the Stock Incentive Plan - The stock incentive plan aims to improve corporate governance, establish a long-term incentive mechanism, and create a balanced value distribution system to attract and retain talent [2]. - The plan is designed to align the interests of shareholders, the company, and the core team, promoting long-term development while safeguarding shareholder interests [2]. Group 2: Stock Incentive Plan Details - The total number of restricted stocks to be granted is 3.2 million, accounting for 0.80% of the company's total share capital at the time of the announcement [1][3]. - The initial grant consists of 2.9577 million shares (0.74% of total share capital), while 242,300 shares are reserved for future grants (0.06% of total share capital) [1][3]. Group 3: Stock Source and Grant Conditions - The stocks will be sourced from the company's repurchase from the secondary market or through a directed issuance of A-shares to the incentive recipients [3]. - The incentive plan specifies that the restricted stocks will not confer shareholder rights until they are vested, and they cannot be transferred or used as collateral before vesting [3][5]. Group 4: Eligibility and Distribution of Incentives - Eligible recipients include directors, senior management, core technical personnel, and other individuals deemed necessary for motivation by the board, excluding independent directors and supervisors [5][6]. - The distribution of restricted stocks among recipients is structured to ensure that no individual can receive more than 1% of the total share capital through all incentive plans during the effective period [4][6]. Group 5: Performance Assessment and Vesting Conditions - The performance assessment for the first grant will be based on the company's revenue and net profit growth rates over the years 2025 to 2027, with specific targets set for each year [17][18]. - The vesting of restricted stocks is contingent upon meeting both company-level performance targets and individual performance assessments, with a structured vesting schedule [19][20]. Group 6: Implementation Procedures - The plan requires approval from the board and shareholders, with a clear process for the identification and announcement of eligible recipients [22][23]. - The company will engage independent financial advisors and legal counsel to ensure compliance and assess the plan's impact on shareholder interests [22][23].
芯动联科: 2025年限制性股票激励计划（草案）摘要公告