Fulai New Material(SH:605488) Zheng Quan Zhi Xing·2025-08-22 16:49Core Viewpoint - The announcement details the lifting of restrictions on the second phase of the stock incentive plan for Zhejiang Fulai New Materials Co., Ltd, allowing 982,800 shares to be listed and traded starting from August 28, 2025 [1][18]. Group 1: Stock Incentive Plan Overview - The stock type being listed is equity incentive shares, with a total of 982,800 shares available for circulation [1]. - The stock listing date is set for August 28, 2025 [1]. - The incentive plan was approved through various resolutions, including the draft plan and management measures [2][3]. Group 2: Approval and Implementation Process - The second supervisory board meeting approved the incentive plan and confirmed that it benefits the company's sustainable development [2]. - The independent directors expressed their agreement with the incentive plan [4]. - The company conducted a self-examination regarding insider trading prior to the public disclosure of the incentive plan [3]. Group 3: Granting and Lifting of Restrictions - The first grant of restricted stock occurred on July 11, 2023, totaling 3.24 million shares for 32 individuals [4]. - The first lifting of restrictions was based on performance conditions, with 732,000 shares released [6]. - The second lifting of restrictions is contingent upon meeting specific performance targets, with 982,800 shares eligible for release [9][12]. Group 4: Performance Targets and Conditions - The performance targets for the incentive plan are set for the fiscal years 2023 to 2025, with specific revenue goals for the company and its subsidiaries [11][12]. - The company aims for a revenue of 25.41 billion yuan for 2024 and 32.32 billion yuan for 2025 [12][13]. - Individual performance assessments will also influence the lifting of restrictions on the shares [15]. Group 5: Changes in Share Capital Structure - Following the lifting of restrictions, the number of restricted shares will decrease from 2,861,600 to 1,878,800, while unrestricted shares will increase from 277,347,652 to 278,330,452 [17]. - The total share capital remains unchanged at 280,209,252 shares [17].