Yonggui(SZ:300351) Zheng Quan Zhi Xing·2025-08-29 17:46Core Viewpoint - Zhejiang Yonggui Electric Co., Ltd. has announced the achievement of conditions for the first class restricted stock incentive plan's third unlock period and the second unlock period for reserved grants, allowing for the release of a total of 442,552 shares, which accounts for 0.11% of the company's total share capital [1][2][29]. Summary by Sections Incentive Plan Overview - The incentive plan includes two parts: the first class and second class restricted stock plans, with a total of 5.8 million shares proposed for grant, representing 1.51% of the company's total share capital as of the plan's announcement date [3][4]. - The first class restricted stock consists of 1.695 million shares, while the second class consists of 4.105 million shares, with respective proportions of 0.44% and 1.07% of the total share capital [4][5]. Grant and Unlock Conditions - The first class restricted stock was granted at a price of 6.95 CNY per share, with a total of 182 individuals as initial grantees [5][6]. - The unlock conditions for the first class restricted stock include performance targets based on the revenue of Sichuan Yonggui, with specific revenue goals set for 2022, 2023, and 2024 [6][10][20]. Performance Targets - The performance targets for the first unlock period require Sichuan Yonggui to achieve a revenue of no less than 800 million CNY in 2022, 1.2 billion CNY in 2023, and 1.7 billion CNY in 2024 [10][20]. - The second class restricted stock has similar performance targets, with the second unlock period requiring a revenue of no less than 2.4 billion CNY in 2025 [20][21]. Approval and Compliance - The board of directors and the supervisory board have approved the incentive plan and confirmed that the conditions for unlocking the restricted stocks have been met [29][30]. - Legal opinions confirm that the plan complies with relevant laws and regulations, ensuring that the interests of the company and its shareholders are protected [30][31].