Stock Abbreviation: Sanjiu-Huan
Stock Code: 000970
Beijing Sanjiu-Huan High-Tech Co., Ltd.
2026 Stock Option Incentive Plan
(Draft) Summary
July 2026
Statement
The Board of Directors and all directors of the Company guarantee that the contents of this announcement do not contain any false records, misleading statements, or major omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of its contents.
All incentive recipients of the Company undertake that if the Company fails to meet the conditions for granting rights or exercising options due to false records, misleading statements, or major omissions in the Company's information disclosure documents, the incentive recipients shall return all benefits obtained from this plan to the Company after such false records, misleading statements, or major omissions are confirmed.
Special Notice
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The "Beijing Sanjiu-Huan High-Tech Co., Ltd. 2026 Stock Option Incentive Plan (Draft)" (hereinafter referred to as "this Plan") is formulated by Beijing Sanjiu-Huan High-Tech Co., Ltd. (hereinafter referred to as "the Company") in accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Administrative Measures for Equity Incentives of Listed Companies," "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange (2025 Revision)," "Trial Measures for the Implementation of Equity Incentives by State-controlled Listed Companies (Domestic)" (Guo Zi Fa Fen Pei [2006] No. 175), "Notice on Issues Concerning the Regulation of Equity Incentive Systems in State-controlled Listed Companies" (Guo Zi Fa Fen Pei [2008] No. 171), "Notice on Issuing the 'Guidelines for the Implementation of Equity Incentives by Listed Companies Controlled by Central Enterprises'" (Guo Zi Kao Fen [2020] No. 178), "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 1 — Business Handling," and other relevant laws, administrative regulations, normative documents, and the "Articles of Association of Beijing Sanjiu-Huan High-Tech Co., Ltd." (hereinafter referred to as "the Articles of Association").
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The Company does not fall under any of the circumstances stipulated in Article 7 of the "Administrative Measures for Equity Incentives of Listed Companies" that prohibit the implementation of equity incentives.
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The incentive recipients of this Plan do not fall under any of the circumstances stipulated in Article 8 of the "Administrative Measures for Equity Incentives of Listed Companies" that prohibit them from becoming incentive recipients.
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The incentive tool adopted in this Plan is stock options. The source of the underlying shares for the stock options is the directional issuance of the Company's A-share common stock to the incentive recipients.
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The number of stock options intended to be granted to incentive recipients under this Plan is 12,157,235, accounting for 1.0000% of the Company's total share capital on the date of the announcement of this draft. Each stock option grants the right to purchase 1 share of the Company's stock at the exercise price within the validity period, provided that the exercise conditions are met. Of this total, 11,155,000 options are granted for the first time, accounting for 0.92% of the Company's total share capital at the time of the announcement of this incentive plan; 1,002,235 options are reserved, accounting for 0.08% of the Company's total share capital at the time of the announcement of this incentive plan. The reserved portion accounts for 8.24% of the total equity granted under this plan.
As of the date of the announcement of this draft, the total number of underlying shares involved in all of the Company's equity incentive plans within their validity period does not exceed 20.00% of the Company's total share capital. The cumulative number of the Company's shares to be granted to any single incentive recipient under all equity incentive plans within their validity period does not exceed 1.00% of the Company's total share capital.