Xiechuang Data Grants 3.91M Restricted Shares to 92 Recipients at 124.82 Yuan

The grant price is the detail worth pausing on: it is set as a fixed reference rather than a market-determined one, so the incentive only carries real weight if the shares appreciate meaningfully above that level. With 92 recipients, the plan spreads exposure across a fairly wide group rather than concentrating it at the top, which says something about how the company wants to bind rank-and-file talent. Whether the vesting terms demand performance or merely tenure is the open question.