Appo(SH:688007) Zheng Quan Zhi Xing·2025-08-29 14:18Core Viewpoint - The announcement details the fulfillment of the second vesting period conditions for the 2022 restricted stock incentive plan of the company, confirming the eligibility of certain employees to receive shares based on performance metrics and tenure requirements [1][12]. Group 1: Stock Incentive Plan Overview - The stock incentive plan involves a total of 840,000 shares granted initially, representing 1.86% of the company's total share capital, with an additional 210,000 shares reserved for future grants [1]. - The share purchase price for the incentive recipients is set at 15.246 yuan per share [1][12]. - The vesting schedule includes two periods: 50% of the shares vesting after 12 months and the remaining 50% after 24 months from the grant date [1]. Group 2: Performance Assessment Criteria - The performance assessment for the incentive plan is based on two key metrics: revenue and gross margin, evaluated annually [1][11]. - For the first vesting period, the revenue target is set at 4 billion yuan, with a trigger value of 3.2 billion yuan, while the gross margin target is set at 36% [1][11]. - The second vesting period has a revenue target of 5.3 billion yuan and a trigger value of 4.25 billion yuan, with similar gross margin requirements [1][11]. Group 3: Approval and Compliance - The plan has undergone necessary approvals from the board and supervisory committee, ensuring compliance with relevant regulations and shareholder interests [4][16]. - The supervisory committee has confirmed that the performance conditions for the second vesting period have been met, allowing for the registration of shares for eligible recipients [12][14]. - The legal opinion confirms that all necessary approvals and disclosures related to the vesting conditions have been fulfilled [16]. Group 4: Vesting Details - A total of 3,329 shares are set to vest for five eligible recipients in the second vesting period [12][14]. - The vesting date is aligned with the completion of the necessary registration procedures, ensuring compliance with regulatory requirements [14]. - The company has confirmed that the vesting does not include any directors or senior management personnel [14].