Summary by Futu AI
Tianqi Lithium Corporation ("the Company") issued the Performance Assessment and Management Measures for the Implementation of the 2024 A-share Restricted Stock Incentive Plan on October 14, 2024. The incentive plan aims to establish a long-term incentive mechanism to attract and retain outstanding talent, combining the interests of shareholders, the company, and employees to focus on the company's long-term development together. The incentive plan covers directors, senior management, core management, technical, business, and key position personnel, but excludes independent directors, supervisors, major shareholders or actual controllers and their relatives. The performance assessment of the incentive targets will determine the unlocking eligibility of restricted stocks based on the completion of performance goals at the company and individual levels. The company-level performance assessment goals include EBITDA not less than 4.38 billion yuan in 2025, with specific performance targets for various lock-up release periods. The incentive plan will be formally implemented after approval by the shareholders' meeting.