Zheng Quan Zhi Xing·2025-08-21 16:58Core Viewpoint - The company has achieved the vesting conditions for the third vesting period of its 2022 A-share restricted stock incentive plan, but the stocks will not be listed until January 27, 2026, due to a commitment from all incentive recipients to not transfer their vested stocks within six months of the vesting condition achievement [1][22][24]. Summary by Sections Incentive Plan Overview - The incentive plan involves granting 1,548,800 restricted stocks, accounting for 0.20% of the company's total share capital of 794,177,098 shares [2][3]. - The grant price for the restricted stocks is set at 58.38 CNY per share [2]. Vesting Conditions - The vesting conditions for the third period require a revenue growth rate of at least 60% in 2024 compared to 2021, which was achieved with a revenue of approximately 12.28 billion CNY, reflecting a 64.91% increase [16][18]. - A total of 336 incentive recipients met the vesting conditions, with 681,766 shares eligible for vesting, representing 0.04% of the total share capital at the time of the board's decision [22][24]. Performance Assessment - The performance assessment for individual recipients is based on internal evaluation, with a binary outcome of "qualified" or "not qualified," determining the vesting ratio of the restricted stocks [18][19]. - The company has confirmed that all 336 recipients met the necessary performance criteria for the vesting of their stocks [24]. Future Actions - The company will apply for the vesting procedures with the Shenzhen Stock Exchange and the China Securities Depository and Clearing Corporation after the end of the lock-up period [1][22]. - The company will continue to monitor the impact of the stock vesting on its financial status and operational results, ensuring compliance with relevant regulations [23][24].