Secote co.ltd(SH:603283) Shang Hai Zheng Quan Bao·2025-10-09 20:23Core Viewpoint - The announcement details the second phase of the stock unlock for the 2023 equity incentive plan of Suzhou Saiteng Precision Electronics Co., Ltd, with 6,800,500 shares set to be listed on October 15, 2025 [2][3][4]. Group 1: Stock Listing and Unlocking Details - The stock type for this listing is equity incentive shares, with a total of 6,800,500 shares to be listed [2][3]. - The stock unlock date is scheduled for October 15, 2025, following the approval of the unlocking proposal by the board on October 9, 2025 [4][10]. - The total number of shares eligible for unlocking is 6,800,500, which represents 2.44% of the company's total share capital of 278,590,823 shares [10]. Group 2: Incentive Plan Implementation - The 2023 equity incentive plan was approved on August 6, 2023, with subsequent meetings held to review and approve related proposals [5][6]. - The plan includes a vesting period of 12 and 24 months, with shares being released in two equal tranches upon meeting the conditions [9]. - A total of 213 individuals were initially granted shares, but 10 have left the company, leaving 203 eligible participants for the unlocking [10]. Group 3: Legal and Compliance Aspects - The legal opinion from Shanghai Jintiancheng Law Firm confirms that the unlocking conditions have been met and necessary approvals obtained [12]. - The company must fulfill its information disclosure obligations regarding the unlocking process [12].