万通发展推出股权激励计划 深度绑定核心技术人员

Core Viewpoint - The company, Wantong Development, has announced a restricted stock incentive plan aimed at attracting and retaining key technical personnel in the AI computing infrastructure sector, particularly focusing on PCIe switch chips [1][2]. Group 1: Incentive Plan Details - The incentive plan proposes to grant a total of 94.52 million restricted shares, accounting for 5% of the company's total equity [1]. - The initial grant consists of 79.40 million shares, representing 84% of the total restricted shares and 4.2% of the total equity, while 15.12 million shares are reserved for future grants [1]. - The grant price is set at 6.25 yuan per share, with a lock-up period of 12, 24, and 36 months for different portions of the shares [1]. Group 2: Performance Targets - The performance assessment for the initial grant spans the years 2026 to 2028, with revenue targets of 600 million yuan, 1.2 billion yuan, and 1.6 billion yuan respectively [2]. - The reserved shares will have unlock criteria based on revenue targets of 1.2 billion yuan, 1.6 billion yuan, and 2.1 billion yuan for the years 2027, 2028, and 2029 respectively [2]. Group 3: Industry Context - The PCIe high-speed switch chips are essential for high-speed data transmission and device expansion in AI servers, addressing critical connectivity between CPUs and GPUs [2][3]. - The domestic market for PCIe switch chips is projected to grow significantly, with a compound annual growth rate of 35% from 2025 to 2029, potentially reaching a market size of 17 billion yuan by 2029 [3].