WEDGE(SZ:000534) Zheng Quan Zhi Xing·2025-08-22 11:14Core Viewpoint - The announcement details the completion of the second unlock period for the restricted stock granted under the company's 2023 equity incentive plan, confirming that the conditions for unlocking have been met [1][8][21]. Summary by Sections Approval Procedures - The 2023 equity incentive plan was approved by the board and supervisory committee on February 1, 2023, with independent directors providing their opinions [2][3]. - The list of incentive objects was publicly disclosed without any objections during the public comment period [2]. - The first extraordinary general meeting of shareholders approved the plan on February 17, 2023 [3]. Stock Grant Details - A total of 655.40 million shares were granted to 226 incentive objects, with the listing date on May 5, 2023 [3][10]. - Adjustments to the repurchase price of restricted stocks were approved in subsequent board meetings [3][8]. Unlock Conditions - The second unlock period for the restricted stocks has been reached, allowing 30% of the total granted shares to be unlocked [9][10]. - The conditions for unlocking were confirmed to be met, including no adverse audit opinions and no disqualifications of incentive objects [10][11]. Performance Assessment - The performance assessment period for the incentive plan is from 2023 to 2025, with specific financial growth targets set for the unlocking conditions [12][19]. - Individual performance evaluations are conducted annually, with a total of 168 incentive objects meeting the unlocking criteria [12][14]. Legal and Compliance - The supervisory committee verified that the unlocking conditions were met and that the arrangements comply with relevant laws and regulations [19][21]. - Legal opinions confirm that the necessary approvals for the adjustments and cancellations of restricted stocks have been obtained [21].