GUILIN FUDA (SH:603166) Xin Lang Zheng Quan·2025-09-29 08:50Core Viewpoint - Fuda Co., Ltd. has made adjustments to its 2024 restricted stock incentive plan, including conditions for the first unlock period, repurchase and cancellation of certain shares, and adjustments to repurchase prices [1][7]. Group 1: Incentive Plan Overview - On September 3, 2024, Fuda Co., Ltd. approved the draft of the 2024 restricted stock incentive plan during its sixth board meeting [2]. - The plan was subsequently approved by the third extraordinary general meeting of shareholders on September 19, 2024, with the first grant of 7.2 million shares completed on October 11, 2024 [2]. Group 2: Unlock Conditions and Performance - The first unlock period for the restricted stock began on October 11, 2024, lasting until the last trading day of the 24 months following the grant date, with a 30% unlock ratio for the total granted shares [3]. - Company-level conditions were met, as there were no negative audit opinions for the most recent fiscal year. Individual conditions were also satisfied, with all performance assessments for the 44 primary incentive recipients being deemed competent [4]. Group 3: Repurchase and Cancellation Details - A total of 558,000 shares will be repurchased and canceled due to unmet performance targets in the new energy electric drive gear product sales and the departure of two incentive recipients [5][6]. - The repurchase price was adjusted from 2.25 CNY per share to 2.15 CNY per share following the company's annual equity distribution [7].