GXSH(SZ:000716) Xin Lang Cai Jing·2025-08-28 14:37Core Viewpoint - The Southern Black Sesame Group has successfully completed the first phase of its restricted stock incentive plan, allowing for the release of certain shares after meeting specified performance conditions [1][3][4]. Summary by Sections Incentive Plan Overview - On December 4, 2023, the company's board and supervisory committee approved the incentive plan draft and related management measures [2] - The plan was publicly announced between December 8 and 17, 2023, with no objections received [2] - The fourth extraordinary shareholders' meeting on December 28, 2023, approved the relevant proposals [2] - On January 31, 2024, the company granted 9.55 million shares of restricted stock at a price of 3.28 yuan per share to 64 incentive targets [2] - The actual grant was 9.49 million shares, completed on February 26, 2024, with shares listed on February 28, 2024 [2] First Phase of Share Release - The first phase of the share release period is from February 26, 2024, to the last trading day within 24 months [4] - A total of 3,216,500 shares, representing 0.4269% of the total share capital, will be released for 61 eligible incentive targets [4] - The company met all necessary conditions for the release, including financial reporting and performance metrics [4] Share Buyback and Cancellation - The company has approved the buyback and cancellation of certain restricted shares due to various reasons, including job changes and performance issues [5][6] - A total of 605,500 shares will be repurchased, with specific prices set for different categories of shares [6] - The buyback process has followed necessary approval procedures but requires further shareholder meeting approval [5][6] Compliance and Regulations - The released shares for directors and senior management must still comply with relevant reduction regulations post-release [7]