ECOVACS(SH:603486) Shang Hai Zheng Quan Bao·2025-11-03 19:56Core Viewpoint - The announcement details the first unlock and listing of restricted stocks under the 2024 stock option and restricted stock incentive plan of Ecovacs Robotics Co., Ltd, with a total of 1,341,300 shares set to be released on November 7, 2025 [2][4][12]. Group 1: Incentive Plan Overview - The stock listing type is for equity incentive shares, with a total of 1,341,300 shares to be listed [2][3]. - The first unlock period for the restricted stocks is set to expire on November 6, 2025, with the corresponding shares being released on November 7, 2025 [4][10]. - The incentive plan was approved during various board and supervisory meetings held throughout 2024, culminating in the final approvals in September 2025 [5][6][7]. Group 2: Unlock Conditions and Compliance - A total of 854 incentive recipients have met the conditions for the release of restricted stocks, which amounts to 1,341,300 shares, approximately 0.2316% of the company's total share capital [12][13]. - The conditions for unlocking the restricted stocks include achieving specific performance targets set forth in the incentive plan [10][11]. Group 3: Stock Listing and Transfer Restrictions - The listing date for the unlocked restricted stocks is November 7, 2025, with specific transfer restrictions in place for the incentive recipients [13][14]. - The plan stipulates that directors and senior management can only transfer up to 25% of their shares annually while also imposing a six-month restriction on trading after leaving the company [13][14]. Group 4: Legal Compliance - The legal opinion confirms that the unlocking of the restricted stocks complies with the relevant regulations and has received the necessary approvals [16].