CSB(SZ:300718) Zheng Quan Zhi Xing·2025-08-27 05:15Core Viewpoint - The company announced that the performance conditions for the third vesting period of the 2022 restricted stock incentive plan were not met, resulting in the cancellation of a portion of the restricted stock [1][4]. Group 1: Decision Process and Disclosure - The company held the eighth meeting of the fifth board and the eighth meeting of the fifth supervisory board on August 25, 2025, to review and approve the proposal regarding the unfulfilled performance conditions of the 2022 restricted stock incentive plan [1]. - The decision-making process included public disclosure and no objections were raised during the public notice period [2]. Group 2: Performance Targets and Results - The performance target for the third vesting period required the company to achieve a revenue of no less than 1.56 billion yuan in 2024 [3]. - According to the audit report, the company's revenue for 2024 did not meet the target, leading to the cancellation of 205,920 shares of restricted stock for 19 incentive recipients and an additional 7,360 shares for one recipient who had left the company, totaling 213,280 shares [4]. Group 3: Impact and Opinions - The cancellation of the restricted stock will not harm the interests of the company or its shareholders and will not significantly impact the company's financial status or operational results [6]. - The supervisory board agreed that the cancellation of the restricted stock was in compliance with relevant regulations and did not harm shareholder interests [6]. - Legal opinions confirmed that the cancellation of the unvested restricted stock aligns with the management regulations and the incentive plan [6].