Proya(SH:603605) Shang Hai Zheng Quan Bao·2025-09-10 19:35Core Viewpoint - The company has successfully completed the third unlock period of its 2022 restricted stock incentive plan, allowing 570,752 shares to be released for trading on September 17, 2025, for 57 eligible participants [2][9][11]. Summary by Sections 1. Stock Listing and Unlocking Details - The stock type being listed is for equity incentive shares, with a total of 570,752 shares set to be released for trading [2]. - The unlock date for these shares is September 17, 2025 [11]. 2. Approval and Implementation of the Incentive Plan - The company held board meetings on September 8, 2025, to approve the unlocking conditions for the third period of the 2022 restricted stock incentive plan [2][9]. - The plan was initially approved on July 8, 2022, with independent directors expressing their agreement [3][4]. 3. Historical Context of the Incentive Plan - The restricted stock was granted on September 6, 2022, and the third unlock period lasted from September 6, 2025, to September 5, 2026 [10]. - The total number of shares granted under the plan was 2.1 million, with various adjustments and cancellations made over time [5][6]. 4. Conditions for Unlocking Shares - The third unlock period allows for 40% of the granted shares to be released, which corresponds to the completion of specific performance conditions [10]. - The eligible participants for this unlock include 57 individuals, with the released shares representing approximately 0.14% of the company's total equity [11]. 5. Shareholder Restrictions - Directors and senior management are subject to restrictions on share transfers, including a limit of 25% of their total holdings per year during their tenure and a six-month restriction post-departure [12]. - Any profits from trading within six months of buying or selling shares must be returned to the company [12]. 6. Legal Compliance - The legal opinion confirms that the unlocking of shares complies with relevant laws and regulations, and the company is required to fulfill its disclosure obligations [13].