001387SZSE

Announcement on the Achievement of the First Unlocking Conditions of the 2025 Restricted Stock Incentive Plan

Xueqi Electric Co., Ltd.··7 pages

✨ AI Summary

Hefei Xueqi Electric Co., Ltd. announced that the first unlocking conditions of its 2025 Restricted Stock Incentive Plan have been met. A total of 118 individuals are eligible to unlock 2,584,241 shares, representing 1.41% of the company's total share capital. The board has authorized the necessary actions to proceed with the unlocking of these shares.

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Full Translation

AI Translation· azure_openai

Hefei Xueqi Electric Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or major omissions.

Special Reminder:

  1. A total of 118 individuals meet the unlocking conditions for the first unlocking period of the 2025 Restricted Stock Incentive Plan, with a total of 2,584,241 shares eligible for unlocking, accounting for 1.41% of the Company's current total share capital.
  2. After the unlocking procedures are completed and before the shares are listed for trading, the Company will issue a relevant announcement to inform investors.

On June 4, 2026, the Company held the tenth meeting of the second Board of Directors, which reviewed and approved the proposal regarding the achievement of the first unlocking conditions of the 2025 Restricted Stock Incentive Plan. According to the relevant provisions of the "Management Measures for Equity Incentives of Listed Companies" (hereinafter referred to as "the Management Measures"), and the Company's "2025 Restricted Stock Incentive Plan" (hereinafter referred to as "the Incentive Plan" or "this Incentive Plan"), as well as the authorization from the second extraordinary general meeting of shareholders in 2025, the first unlocking conditions of this Incentive Plan have been achieved. The relevant matters are explained as follows:

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