Hainan Jinpan Smart Technology (SH:688676) Shang Hai Zheng Quan Bao·2025-11-14 19:25Core Viewpoint - The company has approved the first grant of restricted stock under its 2025 Restricted Stock Incentive Plan, awarding 4 million shares at a price of 45.89 yuan per share to 391 eligible participants on November 14, 2025 [2][5][12]. Group 1: Restricted Stock Grant Details - The first grant date for the restricted stock is set for November 14, 2025 [11]. - A total of 4 million shares will be granted, representing approximately 0.87% of the company's total share capital [11]. - The grant price for the restricted stock is 45.89 yuan per share [13]. Group 2: Decision-Making Process - The decision-making process for the grant involved multiple meetings, including the board meeting on August 28, 2025, where the incentive plan was approved [43]. - The company conducted an internal public notice from August 31 to September 9, 2025, regarding the list of proposed grantees, with no objections received [3][43]. - The fourth extraordinary general meeting of shareholders on September 16, 2025, approved the incentive plan and authorized the board to handle related matters [44]. Group 3: Adjustments to Grantee List - The initial list of grantees was adjusted from 399 to 391 due to eight individuals leaving or voluntarily giving up their rights [6][45]. - The total number of restricted shares to be granted remains unchanged despite the adjustment in the number of grantees [6][45]. - The adjustments were made within the authority granted by the shareholders and did not require further shareholder approval [45]. Group 4: Compliance and Legal Opinions - The board confirmed that all grantees meet the eligibility criteria set forth in relevant laws and regulations [20][48]. - A legal opinion from Shanghai Fangda Law Firm confirmed that the adjustments and grants comply with applicable regulations and have received necessary approvals [27][48]. - The board's remuneration and assessment committee has verified that the adjusted list of grantees does not harm the interests of the company or its shareholders [46][48].