Hangzhou Advance Gearbox Group (601177.SH) announced that the company's board of directors believes that the grant conditions stipulated in the company's 2024 restricted stock incentive plan have been met, and the grant date for this incentive plan is determined to be June 3, 2024. The company agreed to grant 7,915,000 restricted stocks at a grant price of RMB 4.15/share to 287 incentive targets.