Core Viewpoint - The company, Hunan Huashu High-Tech Co., Ltd., has proposed a stock incentive plan involving the grant of 2,962,750 restricted stocks to 95 employees, aimed at enhancing employee motivation and aligning their interests with those of shareholders [2][3][5]. Summary by Sections Incentive Plan Overview - The incentive plan involves granting restricted stocks sourced from the company's repurchase from the secondary market or through directed issuance [2][3]. - The total number of restricted stocks to be granted represents approximately 0.7153% of the company's total share capital of 414,168,800 shares [2][15]. Granting Conditions - The granting price for the restricted stocks is set at 21.90 yuan per share, with adjustments possible based on corporate actions such as stock dividends or capital increases [3][19]. - The plan is designed to motivate core technical personnel and other key employees, excluding external directors and supervisors [4][12]. Performance Metrics - The performance assessment period for the incentive plan spans from 2025 to 2027, with specific targets for net profit margin and revenue growth established for each year [20][24]. - The performance targets include a 10% net profit margin and varying revenue growth rates, starting from 70% in 2025 to 180% in 2027 [20][24]. Management and Approval Process - The plan requires approval from the company's shareholders and must be implemented within 60 days of approval [5][26]. - The board of directors, along with the remuneration and assessment committee, is responsible for overseeing the plan's execution and ensuring compliance with relevant regulations [11][27]. Adjustments and Compliance - Adjustments to the number and price of restricted stocks may occur due to corporate actions such as stock splits or dividends [31]. - The plan includes provisions to terminate or adjust the incentive if the company faces significant financial or regulatory issues [29][30].

Core Points - The company, Hunan Huashu High-Tech Co., Ltd., has announced a new stock incentive plan involving 2,962,750 shares, representing approximately 0.7153% of the total share capital at the time of the announcement [1][3] - The purpose of the incentive plan is to enhance corporate governance, attract and retain key management and technical personnel, and align the interests of shareholders, the company, and the core team [1][2] - The stock incentive plan is independent of the existing 2024 stock incentive plan, which has already granted 4,973,983 shares at a price of 10.25 yuan per share [2][3] Stock Incentive Plan Details - The stock incentive method is classified as second-class restricted stock, which will be granted to eligible participants at a price of 21.90 yuan per share [10][21] - The total number of shares involved in all active incentive plans is 7,936,733, which is about 1.9163% of the company's total share capital [4] - The incentive plan will be valid for a maximum of 48 months from the date of stock grant [6] Eligibility and Distribution - Eligible participants include core technical personnel and other individuals deemed necessary for motivation by the board, excluding external directors and significant shareholders [5][6] - The distribution of the restricted stock will be as follows: 123,750 shares for core technical personnel and 2,839,000 shares for other incentivized individuals [5] Performance Assessment - The performance assessment period for the incentive plan spans from 2025 to 2027, with specific revenue growth targets set for each year [13][16] - The assessment criteria include a minimum revenue growth rate of 10% for the first year, with increasing targets for subsequent years [13][16] Adjustments and Compliance - The number of shares and the grant price may be adjusted in response to corporate actions such as stock splits or capital increases [20][21] - The plan includes provisions for terminating the incentive for participants who do not meet eligibility criteria or who engage in misconduct [25][27]

Core Viewpoint - Hangzhou Yijia Additive Technology Co., Ltd. (Yijia Additive) is advancing its IPO application on the Sci-Tech Innovation Board, aiming to raise 1.205 billion yuan for various projects, including expansion and R&D [1] Company Summary - Yijia Additive focuses on the R&D, production, and sales of industrial-grade 3D printing equipment, achieving significant technological breakthroughs in both metal (SLM) and polymer (SLS) 3D printing [2] - The company has launched over 20 metal 3D printing devices, with several recognized as "first in the country" or "first of their kind" [2] - Yijia Additive's products are utilized in key sectors such as aerospace, serving major clients like China Aviation Engine Group and China Aerospace Science and Technology [2] - The company has completed five rounds of financing in the past three years, with the latest round valuing the company at 4.19 billion yuan [3] Industry Summary - The additive manufacturing industry in China is rapidly industrializing, with Yijia Additive's revenue showing significant growth from 247 million yuan in 2022 to an expected 471 million yuan in 2024 [4] - The average selling price of industrial-grade additive manufacturing equipment has increased from $90,000 in 2019 to $316,900 in 2024, contributing positively to the company's performance [4] - Global sales of industrial-grade metal additive manufacturing equipment reached 3,793 units in 2023, marking a 24.4% year-on-year increase, indicating a faster growth rate compared to non-metal equipment [5] - The Chinese additive manufacturing market is projected to exceed 63 billion yuan by 2025, with a compound annual growth rate of over 20% from 2021 to 2025 [6]