Xiechuang Data Proposes 4.89M Restricted Share Incentive Plan

The striking feature is the slope of the performance conditions: revenue targets escalate from 130% to 700% growth over three years, an unusually steep back-loaded structure that places most of the reward on the final tranche. That design concentrates retention risk and alignment on the later years, which matters for a data-oriented business where execution visibility is typically short. The open question is whether the 2026 and 2027 thresholds are calibrated as genuine hurdles or as near-certain vesting steps, since only the last tranche carries real stretch.