Securities code: Shenzhen Crastal Technology Co.Ltd(300824) securities abbreviation: Shenzhen Crastal Technology Co.Ltd(300824) Announcement No.: 2022017 Shenzhen Crastal Technology Co.Ltd(300824)
About the first grant of restricted stock incentive plan in 2021
Announcement on the achievement of attribution conditions in the first attribution period
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Special tips:
1. The total number of incentive objects meeting the attribution conditions of class II restricted shares is 23.
2. The number of class II restricted shares to be vested this time: 130500 shares, accounting for 0.0600% of the current total share capital of the company.
3. The grant price of class II restricted shares (after adjustment): 11.75 yuan / share.
4. The second type of restricted stock belongs to the stock source: the company issues the company's A-share common stock to the incentive object.
5. After the relevant procedures are completed and before the restricted shares are listed and circulated, the company will issue relevant prompt announcements. Please pay attention to them.
Shenzhen Crastal Technology Co.Ltd(300824) (hereinafter referred to as "the company") held the 20th meeting of the third board of directors and the 18th meeting of the third board of supervisors on March 23, 2022, and considered and approved the proposal on the achievement of the vesting conditions in the first vesting period of the first vesting part of the restricted stock incentive plan in 2021. The board of directors considered that the vesting conditions in the first vesting period of the first vesting part of the company's restricted stock incentive plan in 2021 had been achieved, It is agreed that the company will handle matters related to the ownership of 130500 class II restricted shares for 23 eligible incentive objects in accordance with the regulations. The relevant matters are explained as follows:
1、 Brief description of equity incentive plan and relevant approval procedures performed (I) brief description of restricted stock incentive plan
On February 8, 2021, the company held the first extraordinary general meeting of shareholders in 2021, deliberated and passed the proposal on the company's restricted stock incentive plan in 2021 (Draft) and its summary and other relevant proposals. The main contents of the company's restricted stock incentive plan in 2021 are as follows:
1. Type of underlying stock: common stock A shares of the company.
2. Source of underlying stock: the company issues A-share common stock of the company to the incentive object.
3. Initial grant price: 12 yuan / share.
4. The incentive object of the company's core business and technical personnel is the incentive plan of the company.
The specific distribution is as follows:
Name: the proportion of restricted shares granted by position in the number of shares (shares) granted by the incentive plan and the proportion of total daily share capital
Core management personnel and core technology 59400080.00% 0.2732%
Technical and business backbone (26 persons)
Reserved part 14850020.00% 0.0683%
Total 742500100.00% 0.3415%
Note:
1. The shares of the company granted to any of the above incentive objects through all effective equity incentive plans do not exceed 1% of the total share capital of the company. The total number of subject shares involved in all effective incentive plans of the company shall not exceed 10% of the total share capital of the company when the equity incentive plan is submitted to the general meeting of shareholders.
2. The incentive objects of this incentive plan do not include independent directors and supervisors, shareholders or actual controllers who individually or jointly hold more than 5% of the shares of the company and their spouses, parents, children and foreign employees.
3. If there is any difference in the mantissa between the sum of partial total and each detailed number, it is caused by rounding.
5. Validity period and ownership arrangement of incentive plan:
The restricted shares granted by the incentive plan shall be vested in several times according to the agreed proportion after 12 months from the date of grant and after the incentive object meets the corresponding attribution conditions. The attribution date must be the trading day within the validity period of the incentive plan, but shall not be vested in the following periods:
(I) within 30 days before the announcement of the company's periodic report, if the announcement date of the periodic report is delayed due to special reasons, it shall be calculated from 30 days before the original scheduled announcement date to 1 day before the announcement;
(II) within 10 days before the announcement of the company's performance forecast and performance express;
(III) from the date of occurrence of major events that may have a great impact on the trading price of the company's shares and their derivatives or the date of entering the decision-making process to two trading days after disclosure according to law;
(IV) other periods prescribed by the CSRC and the stock exchange.
The above "major events" are transactions or other major events that the company should disclose in accordance with the listing rules. The ownership arrangement of restricted shares granted for the first time is shown in the table below:
Vesting arrangement vesting proportion during vesting period
The first vesting shall be the first delivery after 12 months from the date of granting some restricted shares for the first time
25% within 24 months from the date of exchange to the date of grant of some restricted shares for the first time
End of the last trading day
The second belongs to the first delivery date 24 months after the date of granting some restricted shares for the first time
25% within 36 months from the date of exchange to the date of grant of some restricted shares for the first time
End of the last trading day
The third belongs to the first delivery 36 months after the date of granting some restricted shares for the first time
25% within 48 months from the date of exchange to the date of grant of some restricted shares for the first time
End of the last trading day
The fourth belongs to the first delivery period after 48 months from the date of granting some restricted shares for the first time
25% within 60 months from the date of exchange to the date of grant of some restricted shares for the first time
End of the last trading day
The ownership arrangement of restricted shares reserved for grant is shown in the table below:
Vesting arrangement vesting proportion during vesting period
The first vesting shall be the first delivery after 12 months from the date of the reserved grant of some restricted shares
25% within 24 months from the date of exchange to the date of reserved grant of some restricted shares
End of the last trading day
The second vesting shall be the first delivery within 24 months from the date of grant of the reserved restricted shares
25% within 36 months from the date of exchange to the date of reserved grant of some restricted shares
End of the last trading day
The third vesting period shall be the first one after 36 months from the date of the reserved grant of some restricted shares
25% within 48 months from the date of exchange to the date of reserved grant of some restricted shares
End of the last trading day
The fourth vesting period shall be the first one after 48 months from the date of the reserved grant of some restricted shares
25% within 60 months from the date of exchange to the date of reserved grant of some restricted shares
End of the last trading day
During the above agreed period, the restricted shares that have not been fulfilled due to the attribution conditions shall not be attributed or deferred to the next year, and shall be invalidated by the company in accordance with the provisions of this incentive plan.
After meeting the vesting conditions of restricted shares, the company will uniformly handle the vesting of restricted shares that meet the vesting conditions.
6. Performance assessment requirements for the ownership of restricted shares
(1) Company level performance assessment requirements
The incentive plan will assess the company's performance indicators annually in the fiscal year from 2021 to 2024, so as to achieve the performance assessment goal as one of the ownership conditions of the incentive object in the current year. The ownership arrangement, performance assessment objectives and ownership proportion of restricted shares granted for the first time and reserved in the incentive plan are shown in the table below:
The attribution arrangement corresponds to the annual performance assessment objectives
In the first vesting period, in 2021, the growth rate of the company's private brand operating revenue year-on-year in 2020 shall not be less than 15%; And the net profit of the company has a year-on-year growth rate of no less than 10% in 2020
In the second vesting period, in 2022, the growth rate of the company's private brand operating revenue compared with that in 2020 shall not be less than 30%; And the net profit of the company has a year-on-year growth rate of no less than 20% in 2020
In the third vesting period, in 2023, the growth rate of the company's private brand operating revenue year-on-year in 2020 shall not be less than 45%; And the net profit of the company has a year-on-year growth rate of no less than 30% in 2020
In the fourth vesting period, in 2024, the growth rate of the company's private brand operating revenue year-on-year in 2020 shall not be less than 60%; And the net profit of the company has a year-on-year growth rate of no less than 40% in 2020
Note: 1. The above "operating income of the company's own brand" refers to the operating income of the company's independently developed brand products after audit;
2. The above "net profit of the company" refers to the sum of the net profit deducting non recurring profits and losses attributable to the shareholders of the listed company and the impact of share based payment expenses related to the equity incentive plan on the current net profit, the same below.
Company level assessment results company level attribution coefficient
The completion degree of annual growth rate of the company's private brand operating revenue m ≥ 100% and 100%
The net profit of the company has a year-on-year growth rate and the completion degree n ≥ 100%
The completion degree of annual growth rate of the company's private brand operating revenue m ＜ 100% or 0%
Year on year growth rate of net profit of the company n 100%
During the vesting period, the company shall handle the registration of stock vesting for the incentive objects that meet the vesting conditions. If the current performance level of the company fails to meet the performance assessment target conditions in each attribution period, all the restricted stocks that can be attributed to all incentive objects in the corresponding assessment year will be cancelled and invalidated.
(2) Performance appraisal requirements at individual level
The individual assessment of the incentive object shall be implemented according to the relevant internal performance assessment system of the company, and the attribution coefficient shall be confirmed according to the assessment results of the assessment year corresponding to the attribution period. The individual performance evaluation of incentive objects can be divided into qualified and unqualified, and the corresponding attribution is as follows:
Qualified or unqualified assessment results at individual level
Personal attribution coefficient 100% 0%
The number of restricted shares actually owned by the incentive object in the current year = the number of individual planned ownership in the current year × Company level attribution coefficient × Personal attribution coefficient.
If the restricted shares that the incentive object plans to belong to in the current period cannot be attributed or cannot be fully attributed due to assessment reasons, they will be invalid and cannot be deferred to the next year.
The specific assessment contents of the incentive plan shall be implemented in accordance with the company's assessment management measures.
(II) relevant approval procedures performed
1. On January 22, 2021, the company held the 12th meeting of the 3rd board of directors and the 10th meeting of the 3rd board of supervisors, deliberated and adopted the proposal on the company's restricted stock incentive plan in 2021 (Draft) and its summary, and the proposal on the company's assessment management measures for the implementation of the restricted stock incentive plan in 2021 According to the proposal on requesting the general meeting of shareholders to authorize the board of directors to handle matters related to equity incentive, the independent directors of the company issued independent opinions on the incentive plan, and lawyers and independent financial advisers issued corresponding reports.
2. From January 23, 2021 to February 1, 2021, the company publicized the list and positions of some incentive objects granted by the restricted stock incentive plan for the first time in the company. During the publicity period, the board of supervisors of the company did not receive any objection from any organization or individual, On February 3, 2021, the company also disclosed the announcement and verification opinions of the board of supervisors on the list of incentive objects first granted by the restricted stock incentive plan in 2021.
3. On February 8, 2021, the first extraordinary general meeting of shareholders of the company in 2021 deliberated
