Shannon Semi(SZ:300475) Shang Hai Zheng Quan Bao·2025-11-03 19:56Core Points - The announcement details the implementation of the 2024 Restricted Stock Incentive Plan by the company, including the first vesting results and stock listing date [1][18] - The plan involves granting a total of 18.3 million shares, with 15.52 million shares initially granted and 2.78 million shares reserved for future grants [1][2] - The vesting conditions for the reserved shares have been met, allowing for the allocation of 1.112 million shares to 21 eligible participants [17][22] Summary by Sections Incentive Plan Overview - The incentive plan was approved on January 31, 2024, and involves the issuance of restricted stock to incentivize key personnel [1][2] - The total number of restricted shares to be granted is 18.3 million, representing approximately 4% of the company's total share capital [1][2] - The initial grant price was set at 16.30 CNY per share, subject to adjustments based on corporate actions [2][19] Grant and Vesting Details - The first vesting period for the reserved shares is from September 29, 2025, to September 24, 2026, with a vesting ratio of 40% of the total granted shares [22][23] - The adjusted grant price for the reserved shares is 13.317 CNY per share [3][27] - The total number of shares that have met the vesting conditions is 1.112 million, which will be listed for trading on November 6, 2025 [1][27] Performance Assessment - The performance assessment for the incentive plan includes company-level and segment-specific targets for the fiscal years 2024 to 2026 [8][10] - Individual performance evaluations will also impact the vesting of shares, categorized into four levels: A, B, C, and D [11][12] Legal and Compliance - The company has complied with all necessary legal and regulatory requirements for the implementation of the incentive plan [28][29] - The plan's adjustments and vesting conditions have been verified by legal and auditing firms, ensuring adherence to relevant regulations [28][29]