Hangzhou Honghua Digital Technology Stock Company LTD.(SH:688789) Shang Hai Zheng Quan Bao·2025-10-31 05:45Core Viewpoint - The company has made significant adjustments to its 2024 restricted stock incentive plan, including a reduction in the grant price and the cancellation of unvested shares due to employee departures, while confirming the eligibility of a substantial number of shares for vesting. Financial Data - The company reported that the grant price for the 2024 restricted stock incentive plan has been adjusted from 65.80 yuan per share to 64.90 yuan per share [12][23][29] - A total of 820,525 shares are set to vest, with 723,775 shares from the initial grant and 96,750 shares from the reserved grant [48][61] Board Meeting Details - The eighth board meeting was held on October 30, 2025, where all seven directors attended, and the meeting was deemed legally valid [8][9] - The board unanimously approved the adjustments to the restricted stock incentive plan, including the grant price and the vesting of shares [11][12][18] Adjustments to Incentive Plan - The adjustments to the grant price were made in accordance with the company's profit distribution plans, which included cash dividends of 0.60 yuan per share and 0.30 yuan per share for the 2024 annual and 2025 semi-annual distributions, respectively [29][30] - The company confirmed that the adjustments comply with relevant regulations and will not materially affect its financial status or operational results [32][42] Cancellation of Shares - The company has decided to cancel 58,950 shares of restricted stock that were granted but not vested due to the departure of 14 employees from the incentive plan [41][43] - This cancellation is in line with the company's incentive plan regulations and is not expected to impact the company's financial health [42][43] Vesting Conditions - The board confirmed that the vesting conditions for the first tranche of the restricted stock incentive plan have been met, allowing for the vesting of 820,525 shares to 320 eligible participants [61][62] - The vesting period for the initial grant is set from August 12, 2025, to August 11, 2026, while the reserved grant will vest from October 30, 2025, to October 29, 2026 [62]