Core Points - The company, Fujian Nanwang Environmental Technology Co., Ltd., has proposed a 2025 Restricted Stock Incentive Plan to attract and retain talent while aligning the interests of shareholders, the company, and core team members [2][6][12] - The plan involves granting a total of 1.7731 million restricted shares, representing approximately 0.91% of the company's total share capital as of the announcement date [2][12] - The initial grant will consist of 1.44 million shares, accounting for 0.74% of the total share capital, while 0.17% will be reserved for future grants [2][12] Summary by Sections Incentive Tools and Stock Source - The incentive tool used in this plan is restricted stock, specifically the second type of restricted stock, sourced from the company's repurchased A-shares in the secondary market [2][12] Grant Details - The grant price for the restricted stock is set at 7.90 yuan per share, with adjustments possible based on corporate actions such as stock splits or dividends [3][12] - A total of 85 individuals will be granted the initial restricted stock, including directors, senior management, middle management, and key technical personnel [3][12] Plan Duration and Conditions - The plan will be effective from the date of grant until the shares are fully vested or become void, with a maximum duration of 48 months [3][12] - The plan will not lead to a distribution of shares that violates listing conditions [5][12] Eligibility and Exclusions - Eligible participants include company directors, senior management, middle management, and key technical personnel, excluding independent directors and major shareholders [4][10] - The plan specifies that no loans or financial assistance will be provided to participants for exercising their rights under the plan [4][10] Approval and Implementation - The plan requires approval from the company's shareholders before implementation, with a 60-day window for the board to finalize the grant process after shareholder approval [5][12] - If the board fails to complete the necessary steps within this timeframe, the plan will be terminated, and ungranted shares will become void [5][12] Performance Assessment - The performance assessment for the vesting of shares will be based on company revenue growth targets for the years 2025 and 2026, with specific percentage increases required for full vesting [19][20] - Individual performance assessments will also be conducted, impacting the final number of shares that can be vested [20][21] Adjustments and Accounting - The plan includes provisions for adjusting the number of shares and grant prices in response to corporate actions [22][24] - The accounting treatment for the plan will follow relevant accounting standards, with costs recognized over the vesting period [25][26] Handling Changes in Circumstances - The plan outlines procedures for handling changes in the status of participants, including job changes, retirement, or death, which may affect their rights to the shares [27][29]
南王科技: 2025年限制性股票激励计划（草案）摘要