Thinkon Semi(SH:688233) Zheng Quan Zhi Xing·2025-08-22 10:18Core Viewpoint - The company has adjusted the grant price of the 2024 restricted stock incentive plan and has invalidated a portion of the granted but unvested restricted stocks due to certain performance and employment conditions [1][5][7]. Group 1: Approval Process and Disclosure - The company held a board meeting on August 22, 2025, to approve the adjustment of the grant price and the invalidation of unvested restricted stocks [1][5]. - The approval process for the 2024 restricted stock incentive plan included multiple meetings of the board and supervisory committee, with necessary disclosures made on the Shanghai Stock Exchange [2][3][4]. Group 2: Adjustment of Grant Price - The grant price for the restricted stocks was adjusted from RMB 13.82 to RMB 13.745 per share, following a cash dividend distribution of RMB 0.075 per share [5][6]. - The adjustment complies with the relevant regulations and does not require further shareholder approval [5][7]. Group 3: Invalidated Restricted Stocks - A total of 13,680 shares of the second category of restricted stocks were invalidated due to 23 individuals leaving the company and 9 individuals not meeting performance criteria [7]. - The invalidation of these stocks was authorized by the board and does not require shareholder approval [7][8]. Group 4: Impact on the Company - The adjustments made to the incentive plan are in accordance with legal regulations and will not materially affect the company's financial status or operational results [7][8]. - The stability of the core team and the continued implementation of the incentive plan are not expected to be impacted by these changes [7][8]. Group 5: Committee Opinions - The board's remuneration and assessment committee has reviewed the adjustments and found them compliant with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [8][9].