WEIXING(SZ:002003) Shang Hai Zheng Quan Bao·2025-12-05 19:10Core Viewpoint - Zhejiang Weixing Industrial Development Co., Ltd. has announced a temporary grant of restricted stock to two executives under its sixth equity incentive plan, with a total of 580,000 shares to be granted at a price of 5.12 yuan per share on December 5, 2025 [5][12][14]. Summary by Sections Equity Incentive Plan Overview - The sixth equity incentive plan involves granting a total of 23 million restricted shares, accounting for 1.97% of the company's total share capital, with an initial grant of 20 million shares [1]. - The initial grant price was set at 5.22 yuan per share, later adjusted to 5.12 yuan per share [4][14]. Granting Process - The board approved the plan on September 26, 2025, and the first grant was publicly announced from September 27 to October 7, 2025, with no objections received [2]. - The second temporary shareholders' meeting on October 15, 2025, approved the plan and authorized the board to handle related matters [2]. Adjustments to Granting - On October 21, 2025, the board adjusted the number of initial grantees from 197 to 196, maintaining the total number of shares at 20 million [3]. - The board confirmed the granting of 19.42 million shares to 194 grantees, with two executives' grants temporarily postponed due to stock reduction behavior [8]. Conditions for Granting - The granting of restricted stock is contingent upon the company meeting specific conditions, including no adverse audit opinions and the grantees not being disqualified [6]. - The board confirmed that the conditions for granting the temporarily postponed shares had been met [7]. Specifics of the Grant - The total number of temporarily granted shares is 580,000, with the granting date set for December 5, 2025 [12][13]. - The grant will not affect the company's stock distribution compliance for listing [16]. Financial Impact - The stock grant will impact the company's financial results, with costs amortized over the vesting period [17]. - The funds raised from the stock grant will be used to supplement the company's working capital [18]. Legal and Advisory Opinions - Legal opinions confirm that the granting process complies with relevant regulations and the company's incentive plan [20][21]. - The independent financial advisor also verified that the plan meets legal requirements and conditions for granting [21].