GXSH(SZ:000716) Shang Hai Zheng Quan Bao·2025-09-05 21:25Core Viewpoint - The announcement details the completion of the first unlock period for the 2023 restricted stock incentive plan of Southern Black Sesame Group Co., Ltd, allowing 3,216,500 shares to be released for trading on September 9, 2025, following the fulfillment of specified conditions [2][3][8]. Summary by Sections Incentive Plan Overview - The first unlock period for the 2023 restricted stock incentive plan has been achieved, with 61 participants eligible to unlock a total of 3,216,500 shares, representing 0.4269% of the company's total share capital [2][12][13]. - The unlock date is set for September 9, 2025, following the approval of the relevant resolutions by the board and supervisory committee on August 28, 2025 [3][7]. Approval Process - The incentive plan was initially approved by the board on December 4, 2023, with subsequent approvals from the supervisory committee and the shareholders' meeting [4][5][6]. - The plan underwent adjustments, reducing the number of participants from 70 to 64 and the total number of shares from 10 million to 9.55 million due to voluntary withdrawals by some participants [10][11]. Unlock Conditions - The first unlock period lasts from 18 months after the completion of the stock grant registration until the last trading day within 30 months from the grant date, allowing for the release of 35% of the granted shares [8][9]. - The board confirmed that the conditions for unlocking the shares have been met, and the necessary procedures for the release have been initiated [9]. Share Structure Changes - The announcement includes a table detailing the changes in share structure post-unlock, excluding shares subject to repurchase and cancellation [16]. - The company will manage the shares held by directors and senior management according to relevant laws and regulations following the unlock [16]. Legal and Compliance - The company has complied with all disclosure obligations and has provided legal opinions regarding the incentive plan and the unlock process [17][18].