Elite Color(SZ:002998) Zheng Quan Zhi Xing·2025-09-02 16:14Core Points - The company has approved the grant of 1,356,553 restricted shares to 58 incentive targets at a price of 3.96 CNY per share on September 2, 2025 [1][11] - The incentive plan has undergone necessary approvals and conditions have been met for the grant [6][11] - The total cost of the granted restricted shares is estimated to be approximately 5.5078 million CNY, which will be amortized over the relevant years [9][10] Summary by Sections 1. Overview of the Incentive Plan - The incentive plan was approved by the board on August 11, 2025, and by the shareholders on August 28, 2025 [1][6] - The plan targets directors, senior management, and core technical personnel, representing 4.70% of the total workforce as of June 30, 2025 [1] 2. Grant Details - The total number of restricted shares granted is 1,356,553, with a grant price of 3.96 CNY per share [1][9] - The grant date is set for September 2, 2025 [1][11] 3. Vesting Schedule - The vesting of the restricted shares is structured over four periods, with 25% of the shares vesting at the end of each period [2][4] - The first vesting period starts 12 months after the grant date [2] 4. Performance Assessment - The performance assessment for the incentive targets will be conducted annually from 2026 to 2029, with specific net profit growth targets set for each year [4][5] - If the performance targets are not met, the shares will not be released, and the company will repurchase them at the grant price plus interest [5][10] 5. Adjustments and Compliance - The number of incentive targets was adjusted from 59 to 58 due to compliance issues with one target's stock trading behavior [8][9] - The company has confirmed that all necessary legal and procedural requirements have been met for the incentive plan [11]