Core Points - The company has completed the registration of the restricted stock grant under the 2025 stock option and restricted stock incentive plan, granting 2.5 million shares to 164 incentive recipients [1][4][14] - The incentive plan has undergone necessary approval procedures, including board and shareholder meetings, with no objections raised during the public notice period [2][3][12] - The restricted stock grant is part of a broader incentive strategy aimed at aligning employee interests with company performance [1][6] Approval Process - On June 12, 2025, the company held a board meeting to approve the incentive plan draft and related management measures [2] - The plan was publicly announced from June 13 to June 22, 2025, with no objections from employees [2] - The second extraordinary general meeting of shareholders on July 1, 2025, approved the incentive plan [3] Grant Details - The grant date for the restricted stock was July 15, 2025, with a total of 2.553 million shares awarded at a price of 7.45 yuan per share [4][14] - The total number of incentive recipients was adjusted from 242 to 216 due to voluntary withdrawals [12][13] - The stock grant is structured to ensure that no individual recipient exceeds 1% of the total shares at the time of the plan's announcement [5] Vesting Conditions - The restricted stock has a maximum vesting period of 36 months, with specific conditions for lifting restrictions based on company performance [6][7] - The first vesting period allows for 50% of the shares to be released after 12 months, and the remaining 50% after 24 months [6][9] - Performance targets include a minimum revenue growth of 15% for 2025 and 32.25% for 2026, based on 2024 figures [9][10] Financial Impact - The total number of shares after the grant increased from 522,433,405 to 524,933,405, with the earnings per share for 2024 estimated at 0.0788 yuan [14][16] - The funds raised from the stock grant will be used to supplement working capital [16]
通宇通讯: 关于 2025 年股票期权与限制性股票激励计划限制性股票授予登记完成的公告