Lontium(SH:688486) Shang Hai Zheng Quan Bao·2025-12-02 18:58Core Viewpoint - The company has approved the first unlock period for its 2024 restricted stock incentive plan, allowing one eligible participant to unlock 3,177 shares, representing 0.002% of the total share capital [2][17][25]. Group 1: Incentive Plan Overview - The 2024 restricted stock incentive plan was approved in January 2024, with a total of 1.3852 million shares proposed for issuance, accounting for 2.00% of the company's total share capital at that time [3][12]. - The first type of restricted stock has a grant price of 70.00 CNY per share, while the reserved second type has a grant price of 55.00 CNY per share [5][6]. Group 2: Unlock Conditions and Performance Metrics - The first unlock period for the first type of restricted stock is defined as starting from 12 months after the grant registration date, which was completed on February 6, 2024, thus entering the unlock period on February 6, 2025 [21]. - The company achieved a gross margin of 55.48% and revenue of 466.0027 million CNY in 2024, marking a 44.21% increase in revenue compared to 2023, meeting the performance assessment criteria for unlocking [22][24]. Group 3: Approval and Compliance - The board of directors and the supervisory board approved the unlock conditions on November 21, 2025, confirming that the conditions for unlocking the first type of restricted stock have been met [17][24]. - The independent financial advisor and legal counsel have confirmed that the unlocking process complies with relevant laws and regulations, including the Company Law and the Securities Law [30][31].