Core Viewpoint - The company has successfully met the vesting conditions for the first vesting period of its 2023 restricted stock incentive plan, allowing 30 eligible participants to vest a total of 193,300 shares of restricted stock [1][3][4]. Summary by Sections Vesting Details - Vesting Date: October 28, 2024 - Number of Shares Vested: 193,300 shares - Number of Participants: 30 individuals - Adjusted Grant Price: 8.91 CNY per share, down from 9.06 CNY due to the completion of the 2024 equity distribution plan [1][4][5]. Compliance and Verification - The 30 participants meet the qualifications set forth by the Company Law and Securities Law of the People's Republic of China, as well as the relevant regulations for stock incentive plans [3][4][25]. - The board's compensation and assessment committee has verified the eligibility of the participants and approved the vesting list [4][26]. Legal Opinions - The law firm Shanghai Jintiancheng has confirmed that the company has obtained necessary approvals for the adjustments and vesting, and that the vesting conditions for both the first and second vesting periods have been met [7][31][32]. Financial Impact - The company will account for the costs associated with the restricted stock in accordance with accounting standards, and the vesting will not have a significant impact on the company's financial condition or operating results [5][6][29][30].