JINJIANG HOTELS(SH:600754) Zheng Quan Zhi Xing·2025-09-04 16:21Core Viewpoint - Shanghai Jin Jiang International Hotel Co., Ltd. has completed the registration of the reserved grant of restricted stock under its 2024 incentive plan, with a total of 845,400 shares reserved for grant [1] Summary by Sections Restricted Stock Grant Situation - The company held a board meeting on August 8, 2025, approving the reserved grant of restricted stock to 108 incentive objects, with a total of 845,400 shares granted, down from the initially planned 913,800 shares due to 9 participants voluntarily waiving their rights [1][2] Distribution of Restricted Stock - The distribution of the granted restricted stock includes 2.46 million shares (2.91% of total granted) to the Vice President and 82.08 million shares (97.09% of total granted) to 107 middle management and core personnel [3] Validity and Lock-up Period - The validity period of the reserved restricted stock is up to 60 months from the completion of registration, with a lock-up period of 24 months during which the shares cannot be transferred or used as collateral [4][6] Subscription Fund Verification - The company received a total of RMB 9,426,210.00 from 108 incentive objects for the subscription of the restricted stock, verified by a third-party accounting firm [8] Registration of Restricted Stock - The company has completed the registration of 845,400 shares of restricted stock with the China Securities Depository and Clearing Corporation, with the registration date set for September 2, 2025 [9] Impact on Shareholder Structure - The grant of restricted stock will not change the control of the company as the shares are sourced from the company's repurchased A-shares [9] Use of Raised Funds - The funds raised from the restricted stock incentive plan will be used to supplement the company's working capital [9] Financial Impact of the Grant - The company will recognize the incentive cost associated with the restricted stock grant in its financial statements over the vesting period, impacting regular profit and loss [10][11]