Heshun Electric(SZ:300141) Zheng Quan Zhi Xing·2025-08-26 16:40Core Viewpoint - The company has announced the achievement of the first vesting conditions for its 2024 restricted stock incentive plan, allowing for the vesting of 3.96 million shares to 26 eligible participants [1][3][12]. Summary by Sections Incentive Plan Overview - The 2024 restricted stock incentive plan was approved by the board and shareholders in mid-2024, with the first vesting conditions now met [1][8]. - The plan includes a total of 27 participants, with adjustments made due to one participant's departure [10][15]. Vesting Conditions and Achievements - A total of 396,000 shares will vest, representing 1.56% of the company's total share capital before vesting [3][12]. - The vesting price is set at 3.81 yuan per share, with shares sourced from a directed issuance of A-shares [3][15]. Performance Targets - The performance assessment period for the incentive plan spans from 2024 to 2026, with specific revenue growth targets set for each year [6][13]. - For the first vesting period, the revenue growth target is set at a minimum of 20% compared to 2023 [7][13]. Approval and Compliance - The board has confirmed that all necessary approvals and compliance with regulations have been met for the vesting of shares [16][18]. - The company will disclose further information and complete necessary procedures with the Shenzhen Stock Exchange following this announcement [18][19].