Hefei Chipmore Technology (SH:688352) Zheng Quan Zhi Xing·2025-08-21 16:48Core Points - The core point of the article is the second revised draft of Hefei Qizhong Technology Co., Ltd.'s 2024 Restricted Stock Incentive Plan, which aims to establish a long-term incentive mechanism to attract and retain key management and technical personnel, thereby enhancing the company's competitiveness and aligning the interests of shareholders and the core team [3][12]. Group 1: Incentive Plan Overview - The incentive plan is based on various laws and regulations, including the Company Law and Securities Law of the People's Republic of China [3]. - The plan involves granting 35.671119 million restricted stocks, accounting for 3.00% of the company's total share capital as of the plan's announcement date [4][17]. - The initial grant consists of 34.950985 million shares, representing 2.94% of the total share capital [17]. Group 2: Eligibility and Distribution - The plan targets 259 individuals, including directors, senior management, and core technical personnel, excluding independent directors and major shareholders [4][14]. - The initial grant will not exceed 1.00% of the total share capital for any individual participant [18][20]. - The plan includes provisions for reserving stocks for future grants, which must be approved by the board and disclosed accordingly [5][15]. Group 3: Grant Price and Vesting Schedule - The grant price for the initial restricted stocks is set at 6.25 yuan per share [5]. - The vesting schedule stipulates that the stocks will vest in three phases after a 24-month period, with vesting ratios of 30%, 30%, and 40% [6][23]. - The plan's total duration is capped at 72 months from the grant date [21]. Group 4: Performance Metrics - The performance metrics for vesting include earnings per share, revenue growth rate, and net profit margin, with specific thresholds set against industry benchmarks [6][7]. - The performance assessment will be conducted annually, using the average revenue from 2021 to 2023 as a baseline [7][23]. Group 5: Compliance and Governance - The plan requires approval from the shareholders' meeting and must comply with relevant regulations, ensuring that it does not harm the interests of the company or its shareholders [12][13]. - The supervisory board and independent directors will oversee the implementation and compliance of the incentive plan [13][16].