Tongda Electric(SH:603390) Zheng Quan Zhi Xing·2025-09-04 10:18Core Viewpoint - The announcement details the lifting of the first lock-up period for the 2023 restricted stock incentive plan of Guangzhou Tongda Automotive Electric Co., Ltd, allowing 758,688 shares to be listed and circulated starting September 10, 2025 [1][10]. Summary by Sections Incentive Plan Approval and Implementation - The incentive plan has undergone necessary decision-making procedures and disclosures, with the supervisory board approving relevant proposals [1][2]. - The plan was publicly announced, and no objections were raised during the public notice period [2]. Granting and Lock-up Conditions - The restricted stock grant registration was completed on December 13, 2023, with 80 individuals receiving restricted stock [3]. - The first lock-up period lasts 16 months from the grant date, followed by a 12-month release period, allowing for a 40% release of shares [5][6]. Conditions for Lifting Lock-up - The conditions for lifting the lock-up include the absence of negative audit opinions and meeting performance targets, with the company achieving a net profit of 16.30 million yuan, meeting the required performance assessment [9][10]. - A total of 78 individuals qualified for the lifting of the lock-up, with 758,688 shares being released, representing 0.22% of the total share capital [10]. Stock Listing and Capital Structure Changes - The shares will be listed for circulation on September 10, 2025, with a total of 758,688 shares being released [10][12]. - The capital structure will change, with the number of restricted shares decreasing from 1,896,719 to 1,138,031, while the number of unrestricted shares will increase correspondingly [12]. Legal Compliance - The company confirms compliance with relevant laws and regulations regarding the management of stock incentives and the lifting of restrictions [11][12].