WEDGE(SZ:000534) Zheng Quan Zhi Xing·2025-09-02 16:14Core Viewpoint - The company has announced the completion of the second unlock period for its 2023 equity incentive plan, allowing 1,665,000 restricted shares to be released for trading, which represents 0.3266% of the total share capital [1][9][17]. Summary by Sections Company Background - Wanze Industrial Co., Ltd. is implementing a 2023 equity incentive plan aimed at motivating employees through stock options [1]. Approval Process - The plan underwent several approval stages, including meetings of the board and supervisory committee, with independent opinions provided by independent directors [2][3][5][6]. Unlock Conditions - The second unlock period for the restricted shares has been achieved, with the conditions set forth in the incentive plan being met [9][10]. - The conditions for unlocking include no negative audit opinions, no inappropriate selections by regulatory bodies, and meeting specific performance targets [11][12]. Performance Metrics - The company must achieve either a revenue of 1,078.87 million yuan, representing a growth of 32.25% from 2022, or a net profit growth of 32.25% based on the previous year's figures to meet the performance criteria [12][13]. Shareholder Impact - The release of shares will affect the company's capital structure, reducing the proportion of restricted shares from 2.03% to 1.71% after the unlock [17]. Adjustments and Changes - The company has made adjustments to the repurchase price of the restricted shares, changing it from 8.58 yuan to 8.53 yuan per share [15][16]. - The total number of incentive recipients has been adjusted due to voluntary withdrawals and other factors, resulting in 168 eligible recipients for the second unlock period [15][16].