CNANO(SH:688116) Zheng Quan Zhi Xing·2025-08-29 10:24Core Viewpoint - The report discusses the approval and conditions for the third vesting period of the 2022 restricted stock incentive plan for Jiangsu Tiannai Technology Co., Ltd, indicating that the vesting conditions have been met for 59 incentive recipients, allowing for the allocation of 100,240 shares [10][16]. Summary by Sections Section 1: Incentive Plan Overview - The 2022 restricted stock incentive plan aims to motivate core technical and management personnel through stock grants, with specific vesting conditions outlined [1][3]. Section 2: Approval Process - The necessary approval procedures for the incentive plan have been completed, including resolutions from the board and independent directors, confirming the legitimacy of the plan [4][5]. Section 3: Vesting Conditions - The vesting conditions for the third period include company performance metrics such as revenue growth targets, with specific goals set for 2024 [13][15]. Section 4: Performance Metrics - The performance targets include a 110% increase in revenue compared to 2021, a 60% increase in overseas brand customer sales, and a 60% increase in third-generation product sales [13][15]. Section 5: Allocation Details - A total of 100,240 shares are eligible for vesting, representing 39.84% of the total restricted stock granted to the 59 recipients [16]. Section 6: Conclusion - The independent financial advisor confirms that the vesting conditions have been met and that the plan complies with relevant laws and regulations [16].