Blue Focus(SZ:300058) Zheng Quan Zhi Xing·2025-08-26 12:16Summary of Key Points Core Viewpoint - The company has announced the achievement of the vesting conditions for the second vesting period of its 2023 restricted stock incentive plan, allowing for the vesting of 52.696 million shares to 190 eligible participants [1][10]. Group 1: Incentive Plan Overview - The restricted stock incentive plan was approved by the board and shareholders on August 22 and September 7, 2023, respectively, representing 3.22% of the company's total share capital at the time of the announcement [1][2]. - The total number of restricted shares granted is 80 million, with 100% allocated to 240 core employees [2]. Group 2: Vesting Conditions and Performance Targets - The vesting arrangement includes two periods: the first vesting period allows for 50% vesting after 12 months, and the second period allows for another 50% vesting after 24 months [2][4]. - The performance targets for the first vesting period require a revenue growth rate of at least 19.95% for 2023, while the second period requires a growth rate of at least 30.85% for 2024, based on 2022 revenue [4][7]. Group 3: Approval and Compliance - The board has confirmed that the vesting conditions for the second period have been met, allowing for the vesting of 52.696 million shares [10][12]. - The company has followed necessary procedures and regulations, including obtaining legal opinions and independent financial advisory reports, to ensure compliance with relevant laws and regulations [13][14]. Group 4: Impact on Financials - The vesting of these shares will increase the total share capital from 3,537,525,227 shares to 3,590,221,227 shares, which may dilute earnings per share and return on equity, but is not expected to have a significant impact on the company's financial condition or operational results [15].