LHG(SH:600186) Zheng Quan Zhi Xing·2025-08-29 17:46Core Viewpoint - The announcement details the achievement of the first exercise conditions for stock options and the first release conditions for restricted stocks under the 2023 stock option and restricted stock incentive plan of Lianhua Holdings, indicating that the company is moving forward with its incentive program [1][2][21]. Group 1: Incentive Plan Details - The incentive plan has met the exercise conditions for stock options and the release conditions for restricted stocks, with 19 eligible participants for both [1][21]. - A total of 620,350 stock options and 620,350 restricted stocks are set to be exercised and released, respectively [1][21]. - The company will proceed with the necessary procedures for exercising stock options and releasing restricted stocks after obtaining approvals from relevant institutions [2][21]. Group 2: Approval and Governance - The board of directors and the supervisory board have approved the relevant proposals regarding the incentive plan, emphasizing its benefits for corporate governance and employee motivation [2][3]. - Independent directors have expressed that the implementation of the incentive plan will enhance the company's governance structure and will not harm the interests of the company and its shareholders [2][3]. Group 3: Performance Conditions - The performance assessment for the incentive plan requires the company to achieve specific revenue and profit growth targets over the assessment periods [13][17]. - For the first exercise period, the company must achieve a revenue growth rate of at least 30% or a profit growth rate of at least 60% based on 2022 figures for the year 2024 [13][17]. - The performance conditions are linked to both company-level and individual-level assessments, with specific criteria for eligibility to exercise options and release stocks [14][19]. Group 4: Legal and Compliance - The company has obtained necessary approvals and authorizations for the exercise and release of stocks, ensuring compliance with relevant regulations [21][22]. - Legal opinions confirm that the actions taken are in accordance with the management regulations and the incentive plan [21][22].