Core Viewpoint - The announcement details the approval of the first vesting period of the 2024 Restricted Stock Incentive Plan by Guangzhou Xinlaifu New Materials Co., Ltd, allowing 199 eligible participants to receive a total of 665,800 shares of restricted stock [1][20][26]. Summary by Sections Incentive Plan Overview - The 2024 Restricted Stock Incentive Plan aims to grant a total of 3.36 million shares, representing approximately 3.20% of the company's total share capital of 104.92 million shares [2][19]. - The plan includes 206 participants, comprising directors, senior management, and key employees, with the actual controller and chairman, Wang Xiaoming, included as a key participant [2][17]. Vesting Conditions - The vesting period for the restricted stock is set from 14 months after the grant date until 26 months after the grant date, with a total of 20% of the granted shares vesting in the first period [5][20]. - The vesting conditions include the company not facing any adverse audit opinions and meeting specific performance targets related to revenue and net profit growth compared to 2023 [21][23]. Performance Targets - The performance targets for the years 2024 to 2026 are set as follows: - 2024: Revenue growth of 5% (trigger value 4%) and net profit growth of 5% (trigger value 4%) [23]. - 2025: Revenue growth of 10% (trigger value 8%) and net profit growth of 10% (trigger value 8%) [23]. - 2026: Revenue growth of 15% (trigger value 12%) and net profit growth of 15% (trigger value 12%) [23]. Share Grant Details - The grant date for the restricted stock was February 23, 2024, with a grant price of 15.40 CNY per share [19][20]. - Following the approval of the first vesting period, the company will process the vesting for 199 eligible participants, totaling 665,800 shares [20][26]. Adjustments and Compliance - The company has adjusted the grant price from 15.40 CNY to 14.50 CNY per share as of August 23, 2025, and has canceled unvested shares for participants who are no longer eligible [18][26]. - The board and supervisory committee have confirmed that the vesting conditions have been met, and the process complies with relevant laws and regulations [26][27].
新莱福: 关于2024年限制性股票激励计划第一个归属期符合归属条件的公告