DAWEI(SZ:002213) Zheng Quan Zhi Xing·2025-08-27 19:06Core Viewpoint - The company has announced that the conditions for the second unlock period of the stock options and restricted stock incentive plan for 2023 have been met, allowing 10 individuals to unlock a total of 296,160 shares, which represents 0.1248% of the company's total share capital [1][2][3] Summary by Sections Incentive Plan Overview - The incentive plan includes stock options and restricted stocks primarily for core personnel, excluding independent directors and major shareholders [2] - The unlock schedule for the restricted stocks is divided into three periods: 30% after 12 months, 30% after 24 months, and 40% after 36 months from the grant date [2][3] Performance Assessment - The performance targets for the unlock conditions are based on revenue growth rates, with specific targets set for 2023 (20%), 2024 (30%), and 2025 (60%) compared to the 2022 revenue [3][4] - The 2022 revenue, adjusted for the sale of a subsidiary, is reported as 560.3494 million [4][17] Unlock Conditions Achievement - The second unlock period for the restricted stocks has been confirmed to have met the necessary conditions, with no disqualifying events occurring for the company or the individuals involved [15][18] - The total number of shares eligible for unlocking is 296,160, which is 30% of the initially granted restricted stocks [18][21] Approval Process - The company has followed the required approval process, including board meetings and shareholder meetings, to validate the incentive plan and the unlocking of shares [5][6][7][8] - Legal and financial advisors have confirmed that the unlocking process complies with relevant laws and regulations [23][24] Individual Performance Evaluation - Individual performance evaluations will determine the actual unlockable shares based on their performance ratings, with a scale from A (100% unlock) to E (0% unlock) [3][18] - The company will repurchase any restricted stocks that are not unlocked due to performance issues [5][18]