Core Viewpoint - The legal opinion letter from Guangdong Xinda Law Firm confirms the approval and authorization of Shenzhen Zhongke Lanyun Technology Co., Ltd.'s 2023 restricted stock incentive plan, including the conditions for the second vesting period, price adjustments, and the cancellation of unvested restricted stocks [6][14]. Group 1: Approval and Authorization - On February 6, 2023, the company held board and supervisory meetings to approve the draft of the 2023 restricted stock incentive plan and its management measures [6]. - The company conducted an internal announcement of the incentive plan from February 7 to February 16, 2023, with no objections received [7]. - The second extraordinary general meeting of shareholders on February 22, 2023, approved the incentive plan and authorized the board to handle related matters [8]. Group 2: Vesting Conditions and Adjustments - The second vesting period for the restricted stocks is set from February 22, 2025, to February 21, 2026, following the initial grant date of February 22, 2023 [9]. - The performance targets for the vesting periods are set at 1.4 billion yuan for 2023, 1.8 billion yuan for 2024, and 2.35 billion yuan for 2025 [10]. - The adjustment of the grant price is due to the distribution of cash dividends, changing the price from 28.61 yuan to 27.61 yuan per share [12]. Group 3: Cancellation of Unvested Stocks - Among the 119 incentive recipients, 11 have left the company, resulting in the cancellation of 23,900 shares of unvested restricted stocks [13]. - The cancellation of these stocks is not expected to materially impact the company's financial status or management stability [14]. - The legal opinion confirms that the procedures for the vesting, price adjustment, and cancellation of unvested stocks comply with relevant laws and regulations [14].

证券代码：688332 证券简称：中科蓝讯 公告编号：2025-022 深圳市中科蓝讯科技股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 深圳市中科蓝讯科技股份有限公司（以下简称"公司"或"中科蓝讯"） 于 2025 年 5 月 23 日召开第二届董事会第十九次会议、第二届监事会第十九次 会议，审议通过了《关于作废部分已授予尚未归属的限制性股票的议案》，现 将有关事项说明如下： 一、本次股权激励计划已履行的相关审批程序 第十九次会议，审议通过了《关于作废部分已授予尚未归属的限制性股票的议 案》《关于调整公司2023年限制性股票激励计划授予价格的议案》《关于公司 二、本次作废限制性股票的具体情况 根据公司《2023年限制性股票激励计划（草案）》的相关规定，鉴于公司 获授但尚未归属的合计20,300股限制性股票不得归属；3名激励对象由于个人绩 效考核未达标，不符合第二个归属期的归属资格，其已获授但尚未归属的合计 三、本次作废部分限制性股票对公司的影响 第三次会议，审议通过了《关于公司<2023 年限制性股票激励计划（ ...

万泽实业股份有限公司 关于公司 2023 年股权激励计划预留授予限制性股票 第一个解除限售期解除限售条件成就的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 万泽实业股份有限公司（以下简称"公司" 、 ）于 2025 年 5 月 23 证券代码：000534 证券简称：万泽股份 公告编号：2025-046 "本公司" 日召开第十一届董事会第四十七次会议，审议通过了《关于公司 2023 年股权 激励计划预留授予限制性股票第一个解除限售期解除限售条件成就的议案》 现将相关内容公告如下： 一、公司 2023 年股权激励计划已履行的相关审批程序 （一）2023 年 2 月 1 日，公司第十一届董事会第十四次会议及第十一届 监事会第十次会议审议通过了《 <公司 ensp="ensp" 年股权激励计划="年股权激励计划" 草案="草案"> 及其摘 要的议案》等议案。同日，公司独立董事就公司《公司 2023 年股权激励计划 （草案）》发表了独立意见。 （二）2023 年 2 月 1 日至 2023 年 2 月 10 日期间，公司通过公司网站在 公司内部将激励对象的姓名 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 福建海通发展股份有限公司近期在股权激励计划方面有新动作，涉及部分限制性股票回购注销与股票期 权注销事宜。 股权激励计划审批程序回顾 2023年激励计划 2024年5月21日，第四届董事会第六次会议和第四届监事会第四次会议审议通过2024年股票期权与限制 性股票激励计划相关议案，监事会出具核查意见。5月22日 - 5月31日，首次授予激励对象名单在公司内 部公示，6月1日披露核查意见及公示情况说明。6月6日，2024年第二次临时股东大会通过激励计划相关 议案。同日，董事会与监事会审议通过向激励对象首次授予股票期权与限制性股票议案。6月19日，完 成首次授予股票期权登记手续，数量为663.50万份；7月3日，完成首次授予限制性股票登记手续，数量 为771.50万股。8月1日，董事会与监事会审议通过回购注销部分限制性股票和注销部分股票期权议案， 9月14日完成股票期权注销事宜，9月23日完成限制性股票回购注销手续。10月22日，完成预留授予权益 登记手续，预留授予股票期权数量为166.00万份，预留授予限制性股票数量为193.00万股。2025年2月18 日，董事会 ...

Group 1 - The company held its 8th meeting of the 2nd Supervisory Board on May 22, 2025, with all three supervisors present, confirming the legality and validity of the meeting [1][2] - The Supervisory Board reviewed the stock incentive plan and determined that the company is qualified to implement the plan according to relevant laws and regulations [1][2] - The incentive plan's reserved grant conditions have been met, and the company approved the grant of 169,000 restricted stocks at a price of 38.50 yuan per share to 7 eligible recipients, with the grant date set for May 23, 2025 [2]

Core Viewpoint - The legal opinion letter from Shanghai Dongfang Huayin Law Firm addresses the adjustments to the 2024 restricted stock and stock option incentive plan of Shanghai Jinghua Adhesive New Materials Co., Ltd, including the repurchase price of restricted stocks and the cancellation of certain stock options and restricted stocks [1][2][4]. Group 1: Approval and Authorization - The approval and authorization for the 2024 restricted stock and stock option incentive plan were conducted in accordance with relevant laws and regulations, with specific proposals reviewed and approved by the company's board and supervisory committee [5][7]. - The board's authorization allows for the adjustment of the incentive plan, including the cancellation of stock options and repurchase of restricted stocks for two individuals who have left the company [8][9]. Group 2: Repurchase Price Adjustment - The repurchase price for restricted stocks has been adjusted from 4.24 CNY per share to 4.15 CNY per share, following the company's profit distribution plan [9][11]. - The adjustment is based on the company's decision to distribute a cash dividend of 0.09 CNY per share, which necessitates a recalibration of the repurchase price [10][11]. Group 3: Cancellation and Repurchase Details - The company plans to cancel a total of 50,000 stock options and repurchase 64,400 restricted stocks from the two individuals who no longer qualify as incentive targets due to personal reasons [12][15]. - The total payment for the repurchase of restricted stocks will amount to 267,260 CNY, which will be funded from the company's own resources [12][14]. Group 4: Compliance and Future Steps - The adjustments and cancellations have been deemed compliant with the relevant regulations, and the company is required to fulfill information disclosure obligations and complete the necessary legal procedures for share cancellation and reduction [15][16]. - The legal opinion confirms that all necessary approvals and authorizations have been obtained for the adjustments and cancellations, ensuring alignment with the company's incentive plan and regulatory requirements [15].

证券代码：603501 证券简称：韦尔股份 公告编号：2025-053 转债代码：113616 转债简称：韦尔转债 上海韦尔半导体股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 股票期权授予登记完成时间：2025 年 5 月 23 日 ? 股票期权授予登记数量：19,983,400 份 ? 股票期权授予登记人数：3,361 人 根据《上市公司股权激励管理办法》、上海证券交易所、中国证券登记结 算有限责任公司上海分公司的有关规定，公司于2025年5月23日完成了2025年股 票期权激励计划授予登记的工作。现将相关内容公告如下： 一、2025年股票期权激励计划已履行的决策程序 会第三十次会议，审议通过了《关于<2025年股票期权激励计划（草案）>及其 摘要的议案》《关于制定<2025年股票期权激励计划实施考核管理办法>的议案》 等相关议案。 进行公示。在公示期间，公司监事会未收到与本次激励计划拟激励对象相关的 任何异议。公司监事会于2025年3月26日在上海证券交易所网站披露了《监事会 关于股权激 ...

Core Viewpoint - The article discusses the manipulation of incentive plans during mergers and acquisitions, highlighting how these plans can serve as tools for controlling employees rather than genuinely motivating them [1][13]. Group 1: Incentive Plans as Control Mechanisms - Incentive plans are increasingly used by acquiring companies as a "safety net" and a means to transfer risks in the context of mergers and acquisitions [1][3]. - The announcement of new equity incentive plans often appears to prioritize employee interests but actually serves to bind employees to the new shareholders, limiting their options [3][4]. - Employees who sign these plans effectively lose their ability to exit without forfeiting their options, creating a "sunk cost" situation where they feel compelled to stay [4][6]. Group 2: Psychological and Structural Implications - The design of these incentive plans often includes deferred exercise and performance triggers, which further entrench employees in the merger process [5][7]. - The complexity of the incentive structures creates barriers to understanding, making it difficult for employees to navigate their true value and risks [7][8]. - In some cases, employee stock ownership plans are restructured to enhance governance stability while increasing the acquisition costs for buyers, thus serving as a bargaining chip [8][9]. Group 3: Positive Examples of Incentive Plans - There are instances where well-structured incentive plans can genuinely motivate employees and facilitate cultural integration post-acquisition [10][11]. - Successful cases involve flexible and low-threshold options that cover a significant portion of employees, promoting collaboration and cultural integration rather than merely focusing on profit metrics [10][12]. - Such positive incentive structures transform employees into stakeholders in cultural reconstruction, enhancing organizational dynamics [12].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued guidelines to encourage listed companies to establish long-term incentive mechanisms, emphasizing the alignment of interests between management, employees, and the company to enhance value creation [1] Group 1: Company Overview - Puran Co., Ltd. specializes in the design and sales of non-volatile memory chips, including NOR Flash and EEPROM, as well as microcontroller chips and analog products [2] - The company went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board in August 2021, raising a net amount of 1.246 billion yuan from the issuance of 9.0572 million shares at a price of 148.90 yuan per share [2] Group 2: Equity Incentive Plans - Puran has implemented four equity incentive plans since its listing, with the first plan proposed just two months after the IPO, indicating a proactive approach to incentivizing employees [3][4] - The 2021 incentive plan aimed to grant 350,000 restricted stocks at a price of 44.67 yuan per share, significantly lower than the average trading price prior to the announcement [3] - The performance targets for the 2021 plan were not met in the first two assessment periods, with revenues of 9.25 billion yuan and 11.27 billion yuan in 2022 and 2023, respectively, falling short of the required targets [3][4] Group 3: Performance and Targets - The 2022 incentive plan also set ambitious revenue targets, with the company achieving 11.27 billion yuan in 2023, which did not meet the first target but was close to the trigger value for the second [4] - The 2024 plan set a target of 18.04 billion yuan for 2024, which was achieved, resulting in a 100% vesting rate for that period [6] - The 2025 plan has set even higher targets, with required revenue growth rates of 70% and 120% for the first two assessment periods [7] Group 4: Shareholder Actions - Major shareholders and executives have been actively reducing their holdings, with significant amounts of shares sold shortly after the expiration of lock-up periods [9][11] - The total shares sold by major shareholders amounted to approximately 2.8027 million shares, generating around 390 million yuan, while another major shareholder completely exited their position, realizing about 584 million yuan [12]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600884 证券简称：杉杉股份 公告编号：临2025-043 宁波杉杉股份有限公司关于股权激励部分限制性股票回购注销实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 回购注销原因：根据《上市公司股权激励管理办法》《宁波杉杉股份有限公司2022年股票期权与限制 性股票激励计划（草案修订稿）》相关规定，鉴于第三个解除限售期业绩考核指标未成就及部分激励对 象因离职而不再具备激励对象资格，故对该部分限制性股票进行回购并注销。 ● 本次注销股份的有关情况 宁波杉杉股份有限公司（下称"公司"）于2025年2月12日召开第十一届董事会第十八次会议和第十一届 监事会第十二次会议，审议通过了《关于公司2022年股票期权与限制性股票激励计划注销部分股票期权 及回购注销部分限制性股票的议案》，根据《上市公司股权激励管理办法》《宁波杉杉股份有限公司 2022年股票期权与限制性股票激励计划（草案修订稿）》相关规定以及公司2022年第一次临时股东大会 的授权，公司同 ...