Inovance(SZ:300124) Zheng Quan Zhi Xing·2025-08-26 16:57Core Viewpoint - The company has announced the achievement of the first vesting conditions for the second category of restricted stock under the seventh equity incentive plan, allowing for the allocation of shares to eligible participants [1][4]. Summary by Sections 1. Overview of the Seventh Equity Incentive Plan - The company plans to grant a total of up to 34.76 million shares, with the first grant not exceeding 31.28 million shares, accounting for approximately 1.17% of the total share capital of 2,678.14 million shares [1]. - The first grant date is set for September 23, 2024, with a grant price of 42.87 CNY per share [1]. 2. Vesting Conditions Achievement - The first vesting period is defined as the first trading day after 12 months from the grant date until the last trading day within 24 months [1]. - The company has confirmed that the conditions for the first vesting period have been met, allowing for the allocation of shares to 12 eligible participants [4][6]. 3. Performance Assessment - The company’s revenue for 2024 is reported at approximately 37.04 billion CNY, indicating compliance with the performance assessment criteria [2][3]. - Individual performance assessments categorize participants into five levels, with 12 participants meeting the criteria for full vesting [3][4]. 4. Financial Impact - The allocation of shares will not significantly impact the company's financial status or operational results, as the shares are sourced from the company's repurchased stock [5]. - The total number of shares held in the repurchase account will decrease by 63,500 shares due to this allocation [5]. 5. Legal Compliance - The company has obtained necessary approvals and authorizations for the equity incentive plan, ensuring compliance with relevant laws and regulations [7].