SIFANG(SH:601126) Zheng Quan Zhi Xing·2025-08-29 10:24Core Viewpoint - The report discusses the completion of the first unlock period conditions for the reserved grant portion of the "Qihang No. 2 Restricted Stock Incentive Plan" of Beijing Sifang Automation Co., Ltd, indicating that the necessary approvals and authorizations have been obtained, and the conditions for unlocking the restricted stocks have been met [9][12]. Summary by Sections 1. Definitions - The report defines key terms related to the incentive plan, including "restricted stock," "incentive objects," and "unlocking conditions," which are essential for understanding the plan's framework [1][2]. 2. Approval Procedures - The incentive plan has undergone necessary approval processes, including meetings of the board of directors and supervisory board, public announcements, and verification of the incentive object list, ensuring compliance with legal and regulatory requirements [4][5][6]. 3. Independent Financial Advisor's Opinion - The independent financial advisor confirms that the conditions for the first unlock period of the reserved grant portion have been achieved, based on the review of relevant documents and compliance with applicable laws and regulations [9][12]. 4. Unlocking Conditions - The unlocking conditions for the restricted stocks include the absence of negative audit opinions and compliance with performance targets, which have been met as per the financial reports [10][11][12]. 5. Specifics of the Unlocking - A total of 64 incentive objects are eligible for unlocking, with 662,500 shares available for release, representing approximately 0.08% of the company's total share capital [12][13].