QUNXING(SZ:002575) Shang Hai Zheng Quan Bao·2025-11-27 19:33Core Viewpoint - Guangdong Qunxing Toys Co., Ltd. has announced the completion of the second unlock period for its 2023 restricted stock incentive plan, allowing 12 eligible participants to unlock a total of 7.197 million shares, representing 1.1674% of the company's total share capital [2][6][10]. Summary by Sections Incentive Plan Details - The second unlock period for the restricted stock incentive plan has been achieved, with 12 participants eligible to unlock 7.197 million shares [2][6]. - The unlock date for these shares is set for December 1, 2025 [9]. Approval Process - The company held several board and supervisory meetings to approve the incentive plan and its related matters, including the initial grant of 24 million shares at a price of 2.66 yuan per share [4][5]. - The initial grant was adjusted from 24 million shares to 23.99 million shares due to the disqualification of one participant [8]. Conditions for Unlocking - The second unlock period for the restricted stock lasts from the first trading day after 24 months from the grant date until the last trading day within 36 months [7]. - The board confirmed that all conditions for unlocking the shares have been met, and there are no disqualifications for the eligible participants [6][7]. Changes in Share Structure - The total number of shares eligible for unlocking is 7.197 million, which is 1.1674% of the current total share capital of 616.5 million shares [10]. - The company has completed the necessary procedures for the unlocking of these shares [6][10].