Core Viewpoint - The draft of the 2025 Restricted Stock Incentive Plan for Fujian Nanwang Environmental Technology Co., Ltd. aims to establish a long-term incentive mechanism to attract and retain talent, aligning the interests of shareholders, the company, and core team members for sustainable development [2][8]. Summary by Sections Incentive Plan Overview - The incentive plan involves granting 1.7731 million restricted stocks, accounting for approximately 0.91% of the company's total share capital of 19,509.79 million shares [2][13]. - The initial grant will consist of 1.44 million shares, representing 0.74% of the total share capital, while 0.3331 million shares are reserved for future grants [2][13]. Grant Price and Conditions - The grant price for the restricted stocks is set at 7.90 yuan per share, subject to adjustments based on corporate actions such as stock splits or dividends [3][19]. - The plan will be effective for a maximum of 48 months from the date of stock grant [3][14]. Eligible Participants - A total of 85 individuals, including directors, senior management, and core technical personnel, are eligible for the initial grant [3][11]. - Independent directors and shareholders holding more than 5% of the company's shares are excluded from participation [4][11]. Performance Metrics - The performance assessment for the incentive plan will be based on the company's revenue growth, with specific targets set for the years 2025 and 2026 [21][22]. - The first-year target is a 20% increase in revenue, while the second-year target is a 10% increase [21][22]. Management and Oversight - The plan requires approval from the shareholders' meeting and will be managed by the board of directors, with oversight from the remuneration and assessment committee [8][30]. - The remuneration and assessment committee will also verify the eligibility of participants and the fulfillment of performance conditions [10][12]. Adjustments and Accounting - Adjustments to the number of restricted stocks and grant prices will be made in response to corporate actions [24][27]. - The company will recognize the costs associated with the stock grants in accordance with accounting standards, impacting net profits during the plan's duration [28][27].
南王科技: 2025年限制性股票激励计划（草案）