Focus Lightings Tech CO.(SZ:300708) Zheng Quan Zhi Xing·2025-08-19 09:14Core Viewpoint - The report discusses the achievement of vesting conditions for the reserved portion of the 2022 restricted stock incentive plan of Juzan Optoelectronics, confirming that necessary approvals and authorizations have been obtained for the vesting of shares [10]. Group 1: Incentive Plan Overview - The 2022 restricted stock incentive plan includes a vesting schedule where 30% of the reserved shares will vest after meeting specific conditions [10]. - The vesting conditions include the absence of negative audit opinions and the fulfillment of performance targets based on revenue growth [9][10]. Group 2: Approval Process - The independent financial advisor has confirmed that the necessary approvals for the incentive plan have been obtained, including agreements from the board and supervisory committee [10]. - The plan has undergone multiple reviews and approvals, with independent directors expressing their agreement at various meetings [4][6][7]. Group 3: Performance Metrics - The performance assessment for the third vesting period is based on achieving a revenue growth rate of no less than 70% compared to the average revenue from 2019 to 2021 [9]. - If the company fails to meet the performance targets, the shares will not vest and will be forfeited [9][10]. Group 4: Specific Vesting Details - A total of 300,150 shares are eligible to vest, representing 30% of the total reserved shares [11]. - The vesting period for the reserved shares is set from August 31, 2022, to August 30, 2026 [10].