BEAR APPLIANCE(SZ:002959) Zheng Quan Zhi Xing·2025-08-29 17:46Core Viewpoint - The announcement details the achievement of conditions for the third unlock period of the stock option and restricted stock incentive plan, allowing 5 individuals to unlock a total of 33,000 shares, representing 0.02% of the company's total share capital [1][14]. Summary by Sections Incentive Plan Overview - The incentive plan includes stock options and restricted stocks, with the first grant date set for September 15, 2022, and the initial grant price for stock options at 37.75 CNY per share and for restricted stocks at 25.17 CNY per share [3][4]. Unlock Conditions - The third unlock period allows for the release of 30% of the granted restricted stocks, contingent upon the company meeting specific performance criteria, including a revenue growth rate of at least 30% compared to 2021 [10][14]. Performance Metrics - The company's revenue for 2024 is reported at approximately 4.76 billion CNY, reflecting a year-on-year growth of 31.94% [11][14]. Shareholder Approval - The incentive plan received approval from the shareholders' meeting, and the monitoring committee confirmed that no objections were raised during the public notice period [2][18]. Adjustments to Prices - The exercise price for stock options and the repurchase price for restricted stocks have been adjusted multiple times due to annual equity distributions, with the latest adjustments setting the exercise price at 34.75 CNY per share and the repurchase price at 22.17 CNY per share [9][15]. Monitoring Committee's Review - The monitoring committee verified that the conditions for unlocking the restricted stocks were met and that the performance evaluations of the incentive recipients were accurate and compliant with regulations [18][19]. Legal and Financial Advisory Opinions - Legal and financial advisors confirmed that the unlocking of shares complies with relevant laws and regulations, ensuring that the interests of the company and its shareholders are protected [19][20].