CAPITALONLINE(SZ:300846) Zheng Quan Zhi Xing·2025-08-21 12:13Core Viewpoint - The company has revised its 2023 Restricted Stock Incentive Plan, aiming to establish a long-term incentive mechanism to attract and retain talent while aligning the interests of shareholders, the company, and core team members [8][9]. Group 1: Incentive Plan Overview - The incentive plan involves granting a total of up to 7 million restricted stocks, accounting for approximately 1.50% of the company's total share capital of 466.822836 million shares [2][13]. - The initial grant consists of 5.6 million shares, representing 1.20% of the total share capital, with 80% of the total grant allocated to this initial portion [2][13]. - The plan is valid for a maximum of 76 months from the date of the first grant [4][16]. Group 2: Eligibility and Conditions - Eligible participants include 21 individuals, such as directors, senior management, and core technical personnel, excluding supervisors and independent directors [5][12]. - The initial grant price is set at 7.80 yuan per share, which is below the average trading price prior to the announcement [3][20]. - The plan stipulates that participants must meet specific performance and tenure conditions to qualify for stock vesting [22][23]. Group 3: Performance Targets - The performance assessment for the initial grant will be based on annual revenue growth rates, with a minimum increase of 10% for 2024 compared to 2023 [23][25]. - The performance targets for subsequent years will escalate, with specific growth rates set for 2025 and 2026 [25][26]. Group 4: Adjustments and Accounting - The plan includes provisions for adjusting the number of restricted stocks and grant prices in response to corporate actions such as stock splits or capital increases [29]. - The company will use the Black-Scholes model to determine the fair value of the restricted stocks for accounting purposes [28].