Shenzhen Platinum New Materials Co., Ltd. (hereinafter referred to as "the Company") announced the achievement of vesting conditions for the third vesting period of the 2023 Restricted Stock and Stock Option Incentive Plan as follows:
Special Reminder:
- Number of incentive recipients meeting vesting conditions: 215 individuals.
- Number of shares to be vested: 771,221 shares, accounting for 0.19% of the Company's total share capital.
- Source of vested shares: The Company will issue A-shares to the incentive recipients.
- After completing the relevant procedures for the vested restricted stocks, the Company will issue a related announcement regarding their listing and circulation. Investors are advised to pay attention.
Overview of the Implementation of the Incentive Plan
On April 17, 2023, the Company held the first extraordinary general meeting of shareholders in 2023, which approved the proposal regarding the "2023 Restricted Stock and Stock Option Incentive Plan (Draft)" and related proposals. The main contents of the second category of the restricted stock incentive plan are as follows:
(1) Source of Shares for the Second Category of Restricted Stock Incentive Plan
The shares involved in the second category of restricted stock incentive plan are sourced from the Company's directed issuance of A-shares to the incentive recipients.
(2) Number and Distribution of Second Category Restricted Stocks Granted to Incentive Recipients
The plan intends to grant no more than 593,000 shares of the second category of restricted stock, approximately 0.54% of the total share capital of 10,988,600 shares at the time of the draft announcement. The distribution of the granted second category restricted stocks among the incentive recipients is as follows: