BNBMPLC(SZ:000786) Sou Hu Cai Jing·2025-09-06 23:51Core Points - The company has completed the initial registration of the 2024 restricted stock incentive plan, with a total of 10.8825 million shares granted at an adjusted price of 17.335 CNY per share, effective from June 27, 2025 [1][4][9] - The incentive plan aims to motivate employees and align their interests with shareholders, with a total of 1,275.5 million shares planned for the program [9][10] - The stock will be listed on September 8, 2025, and the plan has undergone necessary approvals and disclosures [1][14] Approval Process - The company held a board meeting on December 31, 2024, to approve the draft of the incentive plan and related management measures [1] - The actual controller, China National Building Material Group Corporation, approved the implementation of the plan on May 6, 2025 [2] - A second board meeting on May 29, 2025, further revised the plan and received necessary approvals from the supervisory board [2][3] Granting Details - The initial grant date is June 27, 2025, with 10.8825 million shares granted to 332 individuals [4][9] - The initial grant price was adjusted from 18.20 CNY to 17.335 CNY due to the company's profit distribution plan [4][8] - The total number of shares for the incentive plan was adjusted to 1,275.5 million shares after some participants voluntarily declined their shares [9] Performance Assessment - The plan includes performance assessment criteria at the company, business unit, and individual levels, with specific metrics for unlocking shares [6][7] - The company must meet certain profit and return on equity targets to allow for the release of shares [6] - If performance targets are not met, the shares may not be released or may be deferred [7] Financial Impact - The company will account for the cost of the restricted stock according to accounting standards, impacting financial results over the vesting period [15] - The diluted earnings per share for 2024 is projected to be 2.14 CNY after the stock grant [16] - Funds raised from the stock grant will be used to supplement the company's working capital [17]