SIFANG(SH:601126) Shang Hai Zheng Quan Bao·2025-11-06 19:10Core Points - The company announced the lifting of restrictions on 5,569,200 shares under the "Qihang No. 2 Restricted Stock Incentive Plan" [1][2][3] - The lifting of restrictions will take effect on November 13, 2025, for 445 eligible incentive recipients [2][9] Summary by Sections Incentive Plan Overview - The stock type involved is equity incentive shares, with a total of 5,569,200 shares to be listed for trading [1][2] - The incentive plan was approved during the board meeting on October 28, 2025, confirming that the conditions for lifting restrictions have been met [2][4] Decision-Making Process - The decision-making process for the incentive plan included multiple board and supervisory meetings, with independent directors providing their consent [3][4][5] - The plan was publicly disclosed and no objections were raised during the internal announcement period [3][4] Conditions for Lifting Restrictions - The second lifting of restrictions is based on the completion of a 24-month period following the initial grant date, allowing for 30% of the initially granted shares to be released [8][9] - The total number of shares eligible for lifting restrictions represents approximately 0.67% of the company's total equity [9] Stock Trading Restrictions - Directors and senior management are subject to specific trading restrictions, including a limit on the percentage of shares they can transfer annually and conditions on trading within six months of buying or selling shares [9][10] Legal and Financial Opinions - Legal opinions confirm that the lifting of restrictions complies with relevant laws and regulations [13][14] - Independent financial advisors have also affirmed that the conditions for lifting restrictions have been met and necessary approvals obtained [14]