Lettall Electronic(SH:603629) Shang Hai Zheng Quan Bao·2025-09-09 21:46Core Viewpoint - Jiangsu Litong Electronics Co., Ltd. has approved the 2025 Restricted Stock Incentive Plan, including the initial list of incentive recipients, through its board and supervisory meetings held in August and September 2025 [1][2]. Group 1: Announcement and Public Disclosure - The company announced the draft of the 2025 Restricted Stock Incentive Plan and its summary on August 30, 2025, on the Shanghai Stock Exchange website [2]. - A public notice regarding the initial list of incentive recipients was also published on September 2, 2025, along with the revised draft of the incentive plan [2]. - The public disclosure period for the initial list of incentive recipients lasted from August 30 to September 9, 2025, allowing employees to provide feedback [3]. Group 2: Review and Verification Process - The Compensation and Assessment Committee of the company conducted a review of the proposed incentive recipients, including verification of their qualifications and employment documents [4]. - No objections were raised by employees during the public disclosure period regarding the proposed incentive recipients [3]. Group 3: Compliance and Eligibility - The Compensation and Assessment Committee confirmed that all individuals listed as incentive recipients meet the qualifications set forth in relevant laws and regulations [5]. - The committee also verified that the incentive recipients do not fall under any disqualifying conditions as outlined in the management regulations [6][7]. - The incentive plan excludes company supervisors, independent directors, and shareholders or actual controllers holding more than 5% of the company's shares and their immediate family members [7].