Yunding Tech(SZ:000409) Xin Lang Cai Jing·2026-02-02 19:04Core Viewpoint - The company has successfully achieved the conditions for the first unlock period of the 2023 A-share restricted stock incentive plan, allowing 124 eligible participants to unlock a total of 3.8709 million shares, which represents 0.57% of the company's total share capital [2][19][40]. Summary by Sections Incentive Plan Overview - The incentive plan involves the issuance of up to 14.8 million restricted stocks, with the first grant consisting of 12.71 million shares, accounting for 85.88% of the total grant [3][8]. - The stock source for the incentive plan is the company's directed issuance of A-share common stock to the incentive participants [2][3]. Unlock Conditions and Performance Assessment - The unlock period for the restricted stocks is set at 24, 36, and 48 months from the date of grant registration [5][16]. - The performance assessment for unlocking the stocks will occur annually from 2024 to 2026, with specific targets for net profit growth and return on equity [5][29]. - If the performance targets are not met, the stocks cannot be unlocked and will be repurchased by the company at the lower of the grant price or the market price at the time of repurchase [6][30]. Approval Process - The board of directors approved the achievement of the unlock conditions during the 31st meeting on February 2, 2026, confirming that the conditions for unlocking the first portion of restricted stocks have been met [15][40]. - The company has obtained necessary approvals and authorizations for the unlock process, ensuring compliance with relevant regulations [26][36]. Legal Opinions - A legal opinion confirms that the company has met the necessary conditions for the unlock of restricted stocks, and the process aligns with the company's incentive plan and applicable laws [22][36].