Wangsu Science & Technology (SZ:300017) Xin Lang Cai Jing·2025-09-24 09:49Core Viewpoint - On September 24, 2025, Wangsu Technology Co., Ltd. announced the completion of the second vesting period of its 2023 restricted stock incentive plan, with the related shares set to be listed and circulated on the same day [1] Incentive Plan Overview - The 2023 restricted stock incentive plan was approved by the company's board and supervisory board on August 23, 2023, and subsequently by the shareholders on September 12, 2023 [2] - The plan involves granting a total of 32 million shares, accounting for 1.3129% of the company's total share capital, to 250 incentive recipients at a grant price of 3.37 yuan per share [2] - The plan has a maximum validity period of 36 months, divided into two vesting periods, each with a vesting ratio of 50% [2] - The company set a performance target of a cumulative net profit of no less than 610 million yuan for 2023 and 2024 [2] Adjustments to the Incentive Plan - The number of incentive recipients was adjusted from 250 to 245 due to personnel changes, and the total shares granted were reduced to 31.755 million [3] - The grant price was adjusted to 3.12 yuan per share following the 2023 annual equity distribution [3] - Further adjustments included the cancellation of stock options for individuals who did not meet performance criteria, leading to a final count of 231 eligible recipients and a total of 15.38 million shares available for vesting [3] Details of the Current Vesting - The shares from the current vesting will be listed on September 24, 2025, with a total of 15.38 million shares vesting, representing 0.6289% of the company's total share capital before vesting [4] - The vesting price is set at 2.87 yuan per share, with 231 recipients involved [4] - The funds raised from this vesting will be used to supplement the company's working capital, and the increase in registered capital will be 13.71721 million yuan [4] - The overall share distribution remains compliant with listing conditions, although it may dilute earnings per share and return on equity [4]