TZTEK(SH:688003) Shang Hai Zheng Quan Bao·2025-10-24 19:16Group 1 - The company announced adjustments to the grant price of its 2021 restricted stock incentive plan and the cancellation of certain restricted stocks due to a departing employee [4][7][21] - The adjusted grant price for the restricted stock is set at 16.6268 yuan per share, down from the previous price of 17.1237 yuan per share, reflecting a cash dividend adjustment [6][21] - The company confirmed that the adjustments and cancellations will not materially impact its financial status or operational results [8][15] Group 2 - The company held a board meeting on October 24, 2025, where it approved the adjustment of the grant price and the cancellation of restricted stocks [20][21] - The board's compensation and assessment committee stated that the adjustments comply with relevant regulations and do not harm shareholder interests [9][16] - The legal opinion confirmed that all necessary approvals for the adjustments and cancellations have been obtained, aligning with applicable laws and regulations [17][53] Group 3 - The company also addressed the cancellation of 128,000 shares from the 2022 restricted stock incentive plan due to unmet performance targets [14][15] - The performance targets required a revenue growth rate of at least 60% from 2022 to 2024, which was not achieved [14] - Similar to the 2021 plan, the cancellation of the 2022 shares will not affect the company's financial condition or management stability [15][16] Group 4 - The company confirmed that the third vesting period for the 2021 restricted stock incentive plan has met the necessary conditions, allowing for the vesting of 184,000 shares [28][46] - The vesting period is defined as from October 27, 2025, to October 26, 2026, with specific performance criteria that must be met [45][46] - The board's compensation and assessment committee verified that the vesting conditions have been fulfilled, allowing for the issuance of shares to eligible participants [47][49]