Anhui Sentai WPC (SZ:301429) Zheng Quan Zhi Xing·2025-08-31 08:12Summary of Key Points Core Viewpoint The announcement details the second batch of reserved grants of restricted stock under the 2024 incentive plan for Anhui Sentai Wood-Plastic Group Co., Ltd, specifying the grant date, quantity, and price, along with the conditions and arrangements for the stock options. Group 1: Incentive Plan Overview - The reserved grant date for the second batch of restricted stock is set for August 29, 2025 [1] - A total of 223,698 shares will be granted at a price of 7.81 yuan per share [1] - The stock source for the incentive plan is from the company's repurchased A-shares [1] Group 2: Allocation and Distribution - The incentive plan includes 27 recipients, with specific allocations detailed for key personnel [2] - The total number of shares granted in the incentive plan is 2,338,332, with 1,870,732 shares for the first grant and 467,600 shares reserved [2][9] - The allocation for the second batch is 22,369.8 shares, representing 9.57% of the total incentive plan [2] Group 3: Vesting Arrangements - The vesting of the restricted stock is contingent upon meeting performance targets, with a three-phase vesting schedule [4][7] - The first vesting period allows for 40% of shares to vest after 12 months, with subsequent periods allowing for 30% each [4] - Performance targets include revenue growth rates of 30% for 2024, 65% for 2025, and 100% for 2026 [7][8] Group 4: Conditions and Restrictions - The incentive plan includes specific conditions under which the stock may not vest, including negative audit opinions and regulatory disqualifications [6][12] - There are restrictions on the transfer of shares before vesting, and any unvested shares will be forfeited if conditions are not met [5][6] Group 5: Legal and Financial Opinions - The plan has received necessary approvals and is compliant with relevant laws and regulations [18] - The independent financial advisor confirms that the plan does not harm the interests of the company or its shareholders [18]