IAT Automobile Technology (300825.SZ) Plans to Launch a Restricted Stock Incentive Plan for 2024.

IAT Automobile Technology (300825.SZ) announced the 2024 Restricted Stock Incentive Plan (draft), intending to grant 7 million restricted shares to incentive recipients, accounting for approximately 1.41% of the total share capital of the company at the time of the announcement of this incentive plan draft. Of these, 6.5 million restricted shares will be granted initially, with an additional 500,000 shares reserved for future grants (either Class 1 restricted shares or Class 2 restricted shares). The grant price (including reserved portion) is 6.13 yuan per share. The effective period of the Class 1 restricted shares in this incentive plan will be from the date of registration of the grant of Class 1 restricted shares until the date when all Class 1 restricted shares granted to incentive recipients are released from restriction or repurchased and cancelled, not exceeding 60 months in total; the effective period of the Class 2 restricted shares will be from the date of grant of the Class 2 restricted shares until the date when all Class 2 restricted shares granted to incentive recipients are vested or become forfeited and terminated, also not exceeding 60 months in total.