CBGF(SZ:002478) Zheng Quan Zhi Xing·2025-08-21 11:18Core Points - The second unlock period of the 2023 restricted stock incentive plan has been achieved, allowing 125 incentive recipients to unlock a total of 3,138,000 shares, which accounts for 0.3483% of the company's total share capital of 900,986,228 shares [1][18][4] Summary by Sections Incentive Plan Overview - The incentive plan involves granting 11.83 million restricted shares, representing approximately 1.33% of the company's total share capital at the time of the plan's announcement [2] - The plan's effective period lasts up to 48 months from the completion of the restricted stock grant registration [2] Unlock Conditions - The unlock periods are set at 12 months, 24 months, and 36 months from the grant registration date, with specific percentages of shares unlocking at each interval: 40% after the first year, 30% after the second year, and 30% after the third year [2][9] - If performance targets are not met, the company will repurchase the unfulfilled shares at the grant price plus the bank's current deposit interest rate [4][5] Performance Assessment - The performance assessment for the company spans three fiscal years (2023-2025), with specific revenue targets set for each unlock period: - 6.721 billion yuan for the first unlock period - 13.846 billion yuan for the second unlock period - 21.398 billion yuan for the third unlock period [4][14] - Individual performance assessments will also determine the actual unlock amounts for each recipient [4][14] Approval Process - The board of directors and the supervisory board have approved the incentive plan and the unlock conditions, confirming that all procedures are compliant with relevant regulations [18][5] - The legal opinion confirms that the necessary approvals for the unlock have been obtained and that the conditions for unlocking have been met [18] Specifics of the Unlock - The unlock involves 125 recipients, with a total of 3,138,000 shares being released from restrictions [1][18] - The company will issue a notice regarding the unlock before the shares are listed for trading [1]