SD HEAD(SZ:002810) Shang Hai Zheng Quan Bao·2025-11-25 18:16Core Viewpoint - The company, Shandong Heda Group Co., Ltd., has announced the first unlock period of its third stock option and restricted stock incentive plan, allowing 110 eligible participants to unlock 2,480,000 shares, which represents 0.7124% of the total share capital of 348,136,913 shares. The shares will be tradable starting November 28, 2025 [2][15]. Group 1 - The first unlock period of the incentive plan has been achieved, with 110 eligible participants able to unlock 2,480,000 restricted shares [11][29]. - The company held a board meeting on October 20, 2025, where it approved the achievement of the first unlock and exercise conditions of the incentive plan [8][29]. - The shares will be listed for trading on November 28, 2025 [14]. Group 2 - The incentive plan's first unlock period is defined as the period from 12 months after the grant date to the last trading day within 24 months [10]. - The company has completed the necessary procedures for the listing of the unlocked shares [3][11]. - The total number of restricted shares granted under the incentive plan is 6,430,000, with 2,480,000 shares eligible for unlocking in this phase [6][27]. Group 3 - The company has adjusted the repurchase price of the restricted shares from 6.66 yuan to 6.41 yuan due to the implementation of equity distribution plans [12]. - The company has also approved the repurchase and cancellation of 230,000 restricted shares from six participants who no longer meet the eligibility criteria [11][32]. - The exercise price for the stock options has been adjusted from 13.28 yuan to 13.03 yuan [33]. Group 4 - The stock options are set to be exercised from November 28, 2025, to October 16, 2026 [22][40]. - The total number of stock options available for exercise is 2,480,000, which is also 0.7124% of the total share capital [20][39]. - The company will manage the funds raised from the exercise of stock options in a dedicated account to supplement its liquidity [46].