Goldwind adjusts restricted stock grant price, approves reserved shares

Goldwind Science & Technology Co., Ltd. (SZSE:002202) announced the reserved grant of 2,828,173 restricted shares to 52 eligible management and core technical personnel. The grant price per share has been adjusted to RMB3.95, down from the original RMB4.09, following the company's 2024 annual A-share equity distribution plan which included a cash dividend of RMB1.40 per 10 shares. This adjustment aligns with the "2024 Restricted Stock Incentive Plan (Draft)" and shareholder authorization.

The adjustments also include a change in the total number of recipients and shares for the initial grant. The number of initial grantees was reduced from 480 to 460, and the initial grant shares adjusted from 40,150,000 shares to 39,400,000 shares. Concurrently, the reserved portion of the incentive plan was increased from 2,100,000 shares to 2,828,173 shares. All relevant approvals and authorizations for these adjustments and the reserved grant have been obtained, with the independent financial advisor confirming compliance with regulations.

The total cost of the reserved grant, amounting to RMB26,754,500, will be amortized over the vesting period, with RMB5,016,500 allocated for 2025 and 2027, and RMB16,721,600 for 2026. This incentive plan is intended to align employee and shareholder interests without materially impacting the company's financial condition or operating results.