Heshun Electric(SZ:300141) Zheng Quan Zhi Xing·2025-08-26 16:40Core Viewpoint - The independent financial advisor report indicates that Suzhou Industrial Park Heshun Electric Co., Ltd. has achieved the conditions for the first vesting period of its 2024 restricted stock incentive plan, which has received necessary approvals and authorizations [6][10]. Summary by Sections 1. Definitions - The report defines key terms related to the restricted stock incentive plan, including "restricted stock," "incentive objects," and "vesting conditions," which are crucial for understanding the plan's framework [1][2]. 2. Approval Process - The 2024 restricted stock incentive plan has undergone necessary approval procedures, including the review and approval of relevant proposals by the company's board of directors and supervisory committee [4][5]. 3. Achievement of Vesting Conditions - The first vesting period is defined as the period from the first trading day after 12 months from the grant date until the last trading day within 24 months from the grant date. The grant date is set for August 21, 2024 [6][8]. - The company has not encountered any adverse conditions that would prevent the vesting of the restricted stocks, and all incentive objects meet the necessary criteria [6][9]. 4. Performance Targets - The performance assessment for the incentive plan spans from 2024 to 2026, with specific revenue growth targets set for each year. For 2024, the revenue target is set at a minimum growth rate of 20% compared to 2023 [8][9]. 5. Specific Vesting Details - A total of 990,000 shares of restricted stock are to be vested, with 26 incentive objects qualifying for the vesting. One individual has been disqualified due to leaving the company, resulting in the cancellation of 100,000 shares [9][10]. 6. Conclusion - The independent financial advisor concludes that the conditions for the first vesting period have been met, and the necessary approvals have been obtained, aligning with relevant laws and regulations [10].