Stock Abbreviation: Sanhuan Group
Stock Code: 000970
Beijing Sanhuan High-Tech Co., Ltd.
2026 Stock Option Incentive Plan
(Draft)
July 2026
Statement
The Board of Directors and all directors of the Company guarantee that the content of this announcement does 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 is found to have false records, misleading statements, or major omissions in its information disclosure documents, resulting in a failure to meet the conditions for granting or exercising rights, the incentive recipients shall return all benefits obtained from this plan to the Company after the relevant information disclosure documents are confirmed to contain such false records, misleading statements, or major omissions.
Special Notice
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The "Beijing Sanhuan High-Tech Co., Ltd. 2026 Stock Option Incentive Plan (Draft)" (hereinafter referred to as the "Plan") is formulated by Beijing Sanhuan 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," "Stock Listing Rules of the Shenzhen Stock Exchange (2025 Revision)," "Trial Measures for Implementing Equity Incentives in 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 Implementing Equity Incentives in Central Enterprise-controlled Listed Companies'" (Guo Zi Kao Fen [2020] No. 178), "Guidelines No. 1 for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange — Business Handling," and other relevant laws, administrative regulations, normative documents, and the "Articles of Association of Beijing Sanhuan 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 targeted issuance of the Company's A-share common stock to the incentive recipients.
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The number of stock options proposed to be granted to incentive recipients under this Plan is 12,157,235, accounting for 1.0000% of the Company's total share capital as of the announcement date of the draft plan. Each stock option, upon meeting the exercise conditions, grants the right to purchase 1 share of the Company's stock at the exercise price within the validity period. 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 total share capital at the time of the announcement, with the reserved portion accounting for 8.24% of the total equity granted.
As of the announcement date of this draft plan, the total number of underlying shares involved in all of the Company's equity incentive plans within their validity period does not exceed 10.00% of the Company's total share capital. The total number of Company shares granted to any single incentive recipient through all equity incentive plans within their validity period does not exceed 1.00% of the Company's total share capital.