Xiamen Xiangyu proposes restricted stock incentive plan to boost performance

Xiamen Xiangyu Co., Ltd. will convene its second extraordinary general meeting on September 4, 2025, to deliberate on a restricted stock incentive plan. The plan proposes granting 172.876 million restricted shares, representing 6.16% of the company's total share capital, to up to 991 beneficiaries including directors, senior management, and core personnel.

The proposed grant price for the restricted shares is CNY 2.96 per share. The incentive plan sets performance targets for 2025-2027, including net profit growth rates of at least 6%, 12%, and 20% respectively for the first three unlocking periods compared to 2024. Additionally, return on net assets (ROE) targets are set at 8.50%, 9.00%, and 9.50% for these years.

Shareholders will also vote on the "Implementation and Assessment Management Measures for Xiamen Xiangyu Co., Ltd. 2025 Restricted Stock Incentive Plan" and a proposal to authorize the board of directors to handle related matters concerning the incentive plan.