KORRUN(SZ:300577) Zheng Quan Zhi Xing·2025-08-27 16:41Core Viewpoint - Anhui Kairun Co., Ltd. has approved the second vesting period of its 2023 restricted stock incentive plan, allowing 47 eligible participants to receive a total of 995,543 shares of restricted stock, following the fulfillment of specific vesting conditions [1][12][24]. Summary by Sections Implementation of the Incentive Plan - The company plans to grant a total of 3,272,127 restricted shares, representing approximately 1.37% of the total share capital of 239,791,155 shares [2][12]. - The grant price for the restricted shares is set at 8.33 yuan per share [2]. Vesting Conditions - The vesting of the restricted shares is contingent upon meeting performance targets, with the first vesting period requiring a minimum revenue growth of 10% for 2023 and the second period requiring a minimum growth of 15% for 2024, based on the average revenue from 2021-2022 [7][21]. - The vesting schedule allows for 50% of the shares to vest after 12 months and the remaining 50% after 24 months from the grant date [5][21]. Adjustments and Cancellations - A total of 839,113 shares have been canceled due to participants leaving the company or failing to meet performance criteria [12][13]. - The grant price has been adjusted from 8.33 yuan to 7.91 yuan per share due to dividend distributions [14][16]. Approval and Compliance - The board and supervisory committee have confirmed that the vesting conditions have been met and have approved the vesting of shares for the eligible participants [24][25]. - Legal opinions affirm that the company has complied with all necessary regulations and procedures regarding the incentive plan [26]. Financial Impact - The vesting of restricted shares is not expected to have a significant impact on the company's financial status or operational results, and the share distribution remains compliant with listing requirements [26].