Zheng Quan Zhi Xing·2025-08-27 11:12Core Viewpoint - The announcement details the completion of the fifth unlock period for the 2020 A-share restricted stock incentive plan of Fuyao Glass Group Co., Ltd, allowing 820,000 shares to be listed and traded starting September 3, 2025 [1][12][24] Summary by Sections Incentive Plan Overview - The incentive plan involves the initial grant of restricted stock, with a total of 820,000 shares set to be released from restrictions [1][12] - The shares will be available for trading on September 3, 2025 [1][12] Approval Process - The incentive plan has undergone necessary approvals from the company's board and shareholders, including independent directors' consent [1][2][23] - The plan was publicly disclosed and no objections were raised during the public comment period [2][23] Grant and Unlocking Details - The initial grant date for the restricted stock was August 11, 2020, with a total of 4.6 million shares awarded to 15 individuals at a price of 6.23 yuan per share [10][12] - The fifth unlock period conditions have been met, allowing for the release of 820,000 shares, which represents 20% of the total granted shares [12][18] Performance Metrics - The company achieved a revenue growth rate of 288.67% from 2019 to 2024, surpassing the required 100% growth for the unlock conditions [15][16] - All but one of the incentive recipients met the performance evaluation criteria, with 13 individuals eligible for the unlock [17][23] Stock Structure Changes - Following the unlock, the total number of restricted shares will decrease, with adjustments made for shares that were repurchased due to non-compliance by certain recipients [21][22] - The total number of shares before and after the unlock will be updated accordingly, reflecting the changes in the stock structure [22] Legal and Financial Opinions - Legal and financial advisors have confirmed that the unlock and repurchase processes comply with relevant laws and regulations, ensuring no harm to the company or shareholders [24]