AKL(SH:603722) Zheng Quan Zhi Xing·2025-08-29 17:57Core Viewpoint - The company has completed the registration of its 2025 restricted stock incentive plan, granting a total of 2.02 million shares to 21 individuals, representing 2.11% of the total share capital, aimed at enhancing employee motivation and aligning their interests with the company's growth [1][5][9]. Summary by Sections Approval Process - The board of directors approved the restricted stock incentive plan on July 17, 2025, following necessary procedures and legal opinions [1][2]. - The plan was publicly disclosed, and no objections were received during the public notice period [2]. Initial Grant Details - A total of 202,000 shares were granted, accounting for 100% of the incentive plan [5]. - The shares are ordinary A-shares and will be locked immediately upon grant [5]. Lock-up Period and Release Conditions - The lock-up periods for the granted shares are set at 12, 24, and 36 months, with specific release percentages: 30% after 12 months, 30% after 24 months, and 40% after 36 months [5][6]. - The release of shares is contingent upon meeting company performance targets over the 2025-2027 fiscal years [6]. Performance Assessment Criteria - Company-level performance targets include achieving customer validation in at least two out of three specified fields and meeting sales volume targets for specific products [6]. - Individual performance assessments will also be conducted, with the possibility of share repurchase if performance is deemed unsatisfactory [6]. Fundraising and Financial Impact - The total funds raised from the stock subscription amount to approximately RMB 44.78 million, with RMB 2.02 million allocated to share capital and the remainder to capital reserves [7]. - The company's registered capital increased from RMB 95.7 million to RMB 97.72 million following the stock grant [7][8]. Financial Reporting and Cost Implications - The total estimated cost of the stock incentive plan is RMB 35.55 million, which will be recognized in the company's financial statements over the relevant periods [9][10]. - The plan is expected to have a minimal negative impact on net profit, with potential positive effects on company performance due to increased employee motivation [10].