Guangdong Hongda (SZ:002683) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-21 23:23Core Viewpoint - The company has approved the first unlock period of its 2023 restricted stock incentive plan, allowing 326 eligible participants to unlock a total of 4,428,745 shares, which represents 0.5827% of the company's total share capital, effective December 25, 2025 [2][3][8]. Group 1: Incentive Plan Implementation - The company held its sixth board meeting on December 5, 2025, where it approved the achievement of conditions for the first unlock period of the 2023 restricted stock incentive plan [3][10]. - The first unlock period for the restricted stock will expire on December 24, 2025, with the shares granted on November 30, 2023, and listed on December 25, 2023 [7][8]. - The total number of eligible participants for the unlock is 326, with 4,428,745 shares available for unlocking [2][8]. Group 2: Adjustments and Approvals - The company received approval from the Guangdong Provincial Government's State-owned Assets Supervision and Administration Commission for the 2023 restricted stock incentive plan on September 27, 2023 [4]. - The number of incentive participants was adjusted from 407 to 331, and the total shares granted were reduced from 14,795,176 to 12,133,923 [5]. - The company announced the public disclosure of the incentive object list on November 1, 2023, and held a shareholder meeting on November 7, 2023, to approve the revised incentive plan [4][5]. Group 3: Unlock Conditions and Compliance - The unlock conditions for the restricted stock are based on the performance assessment of the individual and their respective business unit [7][8]. - The board's remuneration and assessment committee confirmed that the eligible participants meet the conditions for unlocking as per the incentive plan's management measures [11]. - Legal opinions confirm that the unlock conditions have been met and necessary approvals obtained, ensuring compliance with relevant laws and regulations [12][13].