Apex(SH:603383) Shang Hai Zheng Quan Bao·2025-12-10 19:14Core Viewpoint - The announcement details the lifting of restrictions on 693,300 shares under the 2021 Restricted Stock Incentive Plan, which will be tradable starting December 16, 2025 [1][2]. Group 1: Stock Incentive Plan Overview - The stock type being listed is for equity incentive shares, with a total of 693,300 shares to be listed for trading [1]. - The board of directors approved the lifting of restrictions for 344 eligible participants under the 2021 Restricted Stock Incentive Plan [2][11]. - The plan was initially approved on October 18, 2021, and has undergone several procedural steps, including public announcements and shareholder meetings [3][4]. Group 2: Historical Context of Stock Grants - The first grant of restricted stock was completed on December 14, 2021, with a total of 2.673 million shares granted [5]. - Subsequent grants and buybacks have occurred, including a buyback of 184,000 shares on December 2, 2022, and 62,250 shares on July 4, 2023 [6][7]. - The fourth lifting of restrictions is part of a series of planned releases, with the first three having already occurred [9][10]. Group 3: Conditions for Lifting Restrictions - The conditions for lifting the restrictions include meeting specific performance criteria as outlined in the incentive plan [10]. - The total number of shares eligible for lifting restrictions represents approximately 0.34% of the company's total shares outstanding, which is 205,379,059 shares [11]. Group 4: Legal and Compliance Aspects - The legal opinion confirms that all necessary approvals and authorizations for the lifting of restrictions have been obtained, complying with relevant laws and regulations [14]. - The company will adhere to specific transfer restrictions for directors and senior management regarding the shares post-lifting [13][14].