Wanma Co., Ltd.(SZ:002276) Zheng Quan Zhi Xing·2025-08-21 12:13Core Viewpoint - The company has successfully completed the first unlock period for the restricted stock incentive plan initiated in 2023, allowing 155 participants to unlock a total of 2,172,210 shares, which represents 0.21% of the company's total share capital [1][2][6]. Summary by Sections Incentive Plan Approval and Execution - The company held its sixth board meeting on August 17, 2025, where it approved the unlocking of restricted stocks for the first unlock period as per the 2023 incentive plan [2]. - The plan was initially approved during the board meeting on April 16, 2023, and received necessary endorsements from independent directors and the supervisory board [3][4]. Unlock Conditions and Compliance - The first unlock period for the restricted stocks lasted 24 months from the completion of the initial grant registration on July 19, 2023, ending on July 18, 2025 [6]. - The company met all conditions for unlocking, including no negative audit opinions or violations of laws and regulations during the specified periods [6][7]. Performance Metrics - The company's net asset return rate for 2023 was reported at 8.37%, exceeding the average of 4.47% from 2019 to 2021 [9]. - The growth rate of net profit attributable to the parent company for 2023 was required to be no less than 70%, with the actual growth reported at 121.52% [9]. Share Structure Changes - Following the unlocking, the total number of restricted shares decreased from 5,992,035 to 3,819,825, while the number of unrestricted shares increased from 1,005,083,411 to 1,007,255,621 [11]. - The total number of shares remained unchanged at 1,011,075,446 [11]. Future Considerations - The company plans to repurchase and cancel any restricted stocks that were granted to individuals who have since left the company [11][12].