Stock Code: 001301
Stock Abbreviation: Shangtai Technology
Convertible Bond Code: 127112
Convertible Bond Abbreviation: Shangtai Convertible Bond
[Chart: Shangtai Technology Logo]
Shijiazhuang Shangtai Technology Co., Ltd.
2026 Restricted Stock Incentive Plan (Draft)
August 2026
Statement
Shijiazhuang Shangtai Technology Co., Ltd. (hereinafter referred to as "Shangtai Technology," "the Company," or "the Corporation") and all its directors guarantee that this incentive plan and its summary contain no false records, misleading statements, or material omissions, and assume individual and joint legal liability for their authenticity, accuracy, and completeness.
All incentive recipients of the Company promise that if the Company is found to have false records, misleading statements, or material omissions in its information disclosure documents, resulting in non-compliance with the conditions for granting or exercising equity, the incentive recipients shall return all benefits obtained from this incentive plan to the Company after such information disclosure documents are confirmed to contain false records, misleading statements, or material omissions.
Special Notice
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The "Shijiazhuang Shangtai Technology Co., Ltd. 2026 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as "this Incentive Plan") is formulated in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for Equity Incentives of Listed Companies, the Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 1 — Business Handling, and other relevant laws, regulations, normative documents, and the Articles of Association.
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The incentive tool adopted in this Incentive Plan is restricted stock. The source of the stock is the Company's A-share common stock repurchased from the secondary market and/or the Company's RMB A-share common stock issued to the incentive recipients.
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The number of restricted shares proposed to be granted to the incentive recipients under this Incentive Plan shall not exceed 1.15 million shares, accounting for approximately 0.32% of the Company's total share capital. This Incentive Plan is a one-time grant with no reserved equity.
Given that the Company's convertible corporate bonds are currently in the conversion period and the total share capital may change, the total share capital involved in this Incentive Plan is calculated based on the Company's total share capital of 364.61617 million shares as of July 22, 2026.
As of the announcement date of this Incentive Plan, the Company's 2023 Restricted Stock Incentive Plan is still in effect. The total number of underlying shares involved in all of the Company's effective equity incentive plans does not exceed 10.00% of the Company's total share capital. The cumulative number of the Company's shares granted to any single incentive recipient under all effective equity incentive plans does not exceed 1.00% of the Company's total share capital.
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The total number of incentive recipients proposed to be granted under this Incentive Plan does not exceed 76 people. This includes directors, senior management, core management personnel, and business (technical) backbones employed by the Company (including subsidiaries) at the time of the announcement of this Incentive Plan, but excludes independent directors, shareholders or actual controllers who individually or collectively hold more than 5% of the Company's shares, and their spouses, parents, and children.
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The grant price of the restricted shares to be granted to the incentive recipients under this Incentive Plan is 28.04 yuan/share.
From the date of the announcement of this Incentive Plan to the completion of the registration of the restricted shares by the incentive recipients, if the Company undergoes capital reserve capitalization, stock dividend distribution, share split or consolidation, rights issue, or dividend payment, the grant price and number of restricted shares will be adjusted accordingly in accordance with this Incentive Plan.
- The validity period of this Incentive Plan commences from the date of completion of the registration of the restricted stock grant and ends on the date when all restricted shares granted to the incentive recipients are unlocked or repurchased and cancelled, with a maximum duration of no more than 39 months.