---
title: "KIWI INSTRUMENTS terminates the implementation of the second phase of the restricted stock incentive plan for 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/231855815.md"
description: "KIWI INSTRUMENTS announced the termination of the implementation of the second phase of the restricted stock incentive plan for 2024, citing changes in the current macroeconomic and industry market environment that have led to a mismatch between the company's operating conditions and the assessment indicators of the incentive plan. The company believes that continuing to implement this plan would be unlikely to achieve the expected results and has decided to terminate the plan and related supporting documents to safeguard employee incentives and investor rights"
datetime: "2025-03-14T12:13:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/231855815.md)
  - [en](https://longbridge.com/en/news/231855815.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/231855815.md)
generator: "portal-rs"
---

# KIWI INSTRUMENTS terminates the implementation of the second phase of the restricted stock incentive plan for 2024

According to the announcement from KIWI INSTRUMENTS (688045.SH), the company held the fifteenth meeting of the second board of directors and the thirteenth meeting of the second supervisory board on March 14, 2025, where it reviewed and approved the proposal to terminate the implementation of the 2024 second phase restricted stock incentive plan. The board agreed to terminate the implementation of this incentive plan in accordance with the relevant provisions of the company's 2024 second phase restricted stock incentive plan (referred to as "this incentive plan").

Given the significant changes in the current macroeconomic conditions and industry market environment compared to when the company launched the 2024 second phase restricted stock incentive plan, there is a deviation between the company's operating conditions and the assessment indicators set in the incentive plan. It is expected that continuing to implement this incentive plan will be difficult to achieve the intended incentive purposes and effects. To fully implement effective incentives for employees and protect the legitimate rights and interests of a wide range of investors, and considering the company's long-term development and the interests of employees, the company has decided to terminate the implementation of the 2024 second phase restricted stock incentive plan, along with the supporting documents related to this incentive plan

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**