杭州前进齿轮箱集团：2024年限制性股票激励计划第一个解除限售期及回购注销进展全面披露
【要点概览】
- 公司2024年限制性股票激励计划第一个解除限售期解除限售条件已全部成就。
- 本次有285名激励对象合计2,356,500股限制性股票将解除限售，占公司当前总股本0.58%。
- 公司同步调整限制性股票回购价格，由4.15元/股调整为4.09元/股。
- 公司将回购注销部分已授予但尚未解除限售的限制性股票261,500股，涉及部分退休、调岗、离职及违法违纪人员。
- 相关事项已获得必要的董事会、监事会、股东大会及监管机构同意，但股份注销及注册资本减少尚需股东大会审议通过并履行法定程序。
【详细内容】
一、限制性股票激励计划解除限售条件全部达成
根据《2024年限制性股票激励计划》规定，解除限售需满足公司整体及个人层面的业绩与合规要求。公司2024年营业收入较2021-2023年年均增长11.00%，净利润增长31.62%，加权平均净资产收益率达9.84%，均优于计划设定的目标，且超过同行业平均及对标企业75分位值水平。激励对象个人考核方面，285名激励对象绩效评价为B及以上，全部达标。
公司于2024年6月14日完成限制性股票授予登记，本次解除限售期为自授予登记之日起24个月后的首个交易日至36个月内的最后一个交易日。此次解除限售股份数共2,356,500股，涉及董事长、总经理、核心管理团队及274名中层、骨干员工。
二、回购价格调整，股东分红落地影响回购价格
2024年年度利润分配方案实施后，公司限制性股票激励计划的回购价格根据分红后的调整公式，由4.15元/股调整为4.09元/股。调整后的价格对尚未解除限售的限制性股票回购及注销直接影响，确保激励计划的公平性与激励效果。
三、回购注销部分限制性股票，涉及多种情形
本次拟回购注销激励对象限制性股票261,500股，具体包括：
- 9名因正常退休离职人员，按实际服务期间比例折算解锁，其余部分由公司按4.09元/股及同期银行定期存款利息回购。
- 1名调岗人员，按同样方式处理。
- 1名因主动辞职与公司解除劳动关系人员，以及1名出现违法违纪行为人员，全部已授予但尚未解除限售的限制性股票由公司按4.09元/股回购。
回购所需资金均来自公司自有资金，符合相关法律法规及《激励计划》规定。
四、后续流程及对股东的影响
上述事项已获必要的董事会、监事会、股东大会及地方政府审批通过。公司尚需履行信息披露义务，股份注销及注册资本减少须经公司股东大会进一步审议通过，并依法办理股份注销登记等法定程序。
投资者需关注： 限售股解锁及部分股份回购注销事项将影响公司流通股本结构及注册资本。激励计划的顺利实施有望进一步激发管理层及核心员工积极性，增强公司治理与经营活力，长期利好公司价值。短期内，股份回购注销将带来注册资本的减少，需关注后续公告及相关股东大会进展。
五、结语
本次限制性股票激励计划解除限售、回购价格调整及部分股份回购注销事项，体现公司对激励机制的严格管理和对核心团队的持续激励，有利于公司长期稳定发展和治理结构完善。相关事项如有进展，公司将及时公告，敬请广大投资者持续关注。
【免责声明】
本文仅基于公司公告及律师法律意见书等公开资料整理，不构成任何投资建议。投资者据此操作，风险自负。请以公司后续公告为准。
English version
Hangzhou Advance Gearbox Group: Major Developments on First Unlocking Period of 2024 Restricted Stock Incentive Plan and Share Repurchase/Cancelation
Key Highlights:
- All conditions for the first unlocking period of the 2024 Restricted Stock Incentive Plan have been fulfilled.
- 2,356,500 restricted shares held by 285 incentive participants (0.58% of current total share capital) to be unlocked.
- Repurchase price for restricted stocks adjusted from RMB 4.15/share to RMB 4.09/share following dividend distribution.
- Company to repurchase and cancel 261,500 restricted shares previously granted but not yet unlocked, involving retirees, job transfers, resignations, and compliance violations.
- All items have received necessary board, supervisory board, shareholders’ meeting, and regulatory approvals; share cancellation and registered capital reduction still require shareholder approval and statutory procedures.
Details:
1. All Unlocking Conditions Met for Restricted Stock Incentive Plan
As per the 2024 Plan, unlocking is conditional on company-wide and individual performance and compliance. In 2024, revenue grew 11.00% over the 2021-2023 average, net profit grew 31.62%, and weighted average ROE reached 9.84%—all above incentive plan targets and industry benchmarks. 285 incentive participants met the required individual performance evaluation (B or above).
Restricted stock was granted on June 14, 2024. The first unlocking period is 24 to 36 months after the grant. This time, 2,356,500 shares involving top management and 274 key employees will be unlocked.
2. Repurchase Price Adjustment Due to Dividend Distribution
After implementation of the 2024 dividend plan, the repurchase price for restricted stock is adjusted from RMB 4.15/share to RMB 4.09/share as per the plan’s formula. This adjustment directly impacts the repurchase and cancellation of unvested restricted stock.
3. Repurchase and Cancelation of Some Restricted Shares
A total of 261,500 previously granted but unvested restricted shares will be repurchased and cancelled, including:
- 9 retirees, using proportional calculation for unlocked shares, with the rest repurchased at RMB 4.09/share plus interest.
- 1 job transfer, same method.
- 1 voluntary resignation and 1 compliance violation, unvested shares repurchased at RMB 4.09/share.
Repurchase funds will come from company’s own funds, in compliance with legal and plan requirements.
4. Follow-up Procedures and Impact on Shareholders
All the above have board, supervisory board, shareholders’ meeting, and local government approval. The company must still disclose information and have shareholders approve the capital reduction and share cancellation, following statutory registration.
Investor Alert: Unlocking of restricted shares and share repurchase/cancellation will impact the company’s free float and registered capital. The incentive plan is expected to motivate management and key employees, supporting long-term growth and governance—potentially positive for share value. In the short term, capital reduction awaits further shareholder and regulatory approval.
Conclusion
The unlocking, repurchase price adjustment, and partial cancellation of restricted shares underline the company’s commitment to effective incentive mechanisms and sustained core team motivation. Investors should monitor subsequent announcements for further developments.
Disclaimer:
This article is compiled from public disclosures and legal opinions and does not constitute investment advice. Investors act at their own risk. Please refer to future company announcements for updates.
