Summary by Moomoo AI
Flat Glass completed the first release of the fourth unlocking period of the 2020 A-share restricted stock incentive plan on August 27, 2024, and listed 860,000 restricted stocks for trading on September 3.
The incentive plan was first awarded on August 11, 2020, and the stock registration was completed on August 28 of the same year. The conditions for the lifting of restrictions this time include no negative financial reports from the company, the incentive recipient not being identified as an inappropriate candidate, and the company's 2023 revenue growth rate reaching 347.78%, exceeding the 70% target.
Independent financial advisor Shanghai Xin Gong Technology Group Co., Ltd. confirmed that all conditions have been met and do not violate relevant laws and regulations. In addition, due to a resigning incentive recipient, the company decided to repurchase and cancel 120,000 restricted stocks that have not yet been released from restriction due to personal reasons.