Zheng Quan Zhi Xing·2025-08-27 11:12Core Viewpoint - The report discusses the conditions and achievements related to the fifth unlock period of the stock incentive plan for Fuyao Glass Group Co., Ltd, highlighting the compliance with the necessary regulations and the approval process for the release of restricted stocks [1][22]. Summary by Sections Section 1: Independent Financial Advisor's Role - Shanghai Miaodao Consulting Co., Ltd serves as the independent financial advisor for Fuyao Glass, ensuring the accuracy and completeness of the information provided regarding the stock incentive plan [2][3]. Section 2: Basic Assumptions - The report is based on the assumption that there are no significant changes in laws, regulations, or the market environment affecting the company, and that all provided information is accurate and complete [3][4]. Section 3: Approval Procedures - The company held several board and supervisory meetings to approve the stock incentive plan and its related documents, ensuring compliance with legal requirements [5][6][7]. Section 4: Conditions for Unlocking Restricted Stocks - The fifth unlock period for the restricted stocks is defined as starting from the first trading day after 60 months from the grant date until the last trading day within 72 months, allowing for a 20% unlock of the total granted stocks [15][19]. Section 5: Performance Conditions - The performance condition for unlocking the stocks requires the company to achieve a revenue of at least 18,682,602,478.36 RMB, with a growth rate of no less than 100% compared to the 2019 revenue of 4,806,804,020.96 RMB [19][20]. Section 6: Eligible Participants and Stock Quantity - A total of 13 eligible participants can unlock 820,000 shares, which is 20% of the total granted restricted stocks, following the approval of the necessary conditions [21][22].