Core Viewpoint - The announcement details the first vesting period results of the reserved grant under the 2023 Restricted Stock Incentive Plan of Foshan Liandong Technology Co., Ltd, confirming that the conditions for vesting have been met and shares will be listed accordingly [1][11]. Summary by Sections Incentive Plan Overview - The incentive plan involves granting a total of up to 2,899,000 shares, with the first grant accounting for 90% of the total rights, representing 4.17% of the company's total share capital of 69,600,268 shares [2][3]. - The grant price for the restricted stock is set at 34.06 CNY per share prior to adjustments [2]. Grant and Vesting Details - The plan includes two categories of restricted stock, with the first category having a maximum validity of 72 months from the date of initial grant [4]. - The vesting schedule for the first category includes three phases, with 30% vesting after 16 months, 30% after 28 months, and 40% after 40 months [4][5]. Performance Assessment - The performance assessment for the vesting of the shares is based on the company's revenue growth from 2023, with specific targets set for the years 2024 to 2026 [6][14]. - The first vesting period's target is a 30% revenue growth for 2024, with a corresponding vesting ratio of 100% if the target is met [15][16]. Approval Process - The plan has undergone several approval processes, including board meetings and shareholder meetings, to ensure compliance with regulations and internal governance [8][10][24]. Vesting Condition Achievement - The first vesting period for the reserved grant is from August 28, 2025, to August 27, 2026, with a 30% vesting ratio applicable [11][18]. - The company has confirmed that all conditions for vesting have been satisfied, including no adverse audit opinions and compliance with performance targets [12][14]. Stock Listing and Financial Impact - The shares from this vesting will be listed on August 29, 2025, with a total of 96,630 shares being issued, representing 0.14% of the total share capital post-vesting [22][23]. - The adjustment in share capital will not significantly impact the company's financial status or earnings per share [23]. Legal and Financial Advisory - Legal opinions confirm that the adjustments and vesting comply with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [24][25].
联动科技: 关于2023年限制性股票激励计划预留授予部分第一个归属期归属结果暨股份上市公告