Summary by Futu AI
XINTIAN GREEN ENERGY CO., LTD. ANNOUNCES ADJUSTMENTS TO ITS 2023 RESTRICTED STOCK INCENTIVE PROGRAM UNDER THE MANDATE OF THE 2024 GENERAL MEETING. Of the 232 original incentives, 6 voluntarily gave up subscriptions and 1 was no longer eligible due to resignation. Therefore, the list of incentives was adjusted from 232 to 225, and the number of grants was adjusted from 1,928 million shares to 1,860 million shares. The grant was made on 26 April 2024 at a price of RMB 4.10 per share, originating from A shares issued to the Company. Restricted shares have a maximum validity of 60 months and have a sales limit of 24, 36, and 48 months. Deregistration conditions include performance reviews of companies and individuals. The total cost of the restricted shares granted is RMB8,481.60 million, which will have an impact on the financial situation from 2024 to 2028. The company expects that while there will be a certain cost, the incentive program will stimulate performance growth and the positive benefits will outweigh the cost.