Securities Code: 001388 Securities Abbreviation: Xintong Electronics Announcement Number: 2026-028 Shandong Xintong Electronics Co., Ltd. Announcement on the First Grant of Restricted Shares to Incentive Recipients under the 2026 Restricted Share Incentive Plan The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and free from false records, misleading statements, or significant omissions.
Key Information Prompt:
- The grant date for the first grant of restricted shares is June 22, 2026.
- The number of shares granted in the first grant of restricted shares is 1.95 million shares, with a grant price of 18.36 RMB per share.
Shandong Xintong Electronics Co., Ltd. (hereinafter referred to as the "Company") held the third meeting of the Fifth Remuneration and Assessment Committee and the fifth meeting of the Fifth Board of Directors on June 22, 2026. The proposal "Proposal on the First Grant of Restricted Shares to Incentive Recipients under the 2026 Restricted Share Incentive Plan" was considered and approved. The Board of Directors believes that the grant conditions for the Company's 2026 Restricted Share Incentive Plan (hereinafter referred to as the "Incentive Plan" or "This Incentive Plan") have been met. The first grant date for this Incentive Plan was determined to be June 22, 2026. A total of 1.95 million restricted shares will be granted to 123 eligible incentive recipients at a grant price of 18.36 RMB per share. The relevant matters are hereby announced as follows:
I. Brief Overview of This Incentive Plan and Approval Procedures Completed
(I) Brief Overview of This Incentive Plan
- Incentive type: Restricted shares.
- Source of underlying shares: Ordinary RMB A shares of the Company issued to incentive recipients on a private placement basis.
- The total number of restricted shares to be granted to incentive recipients under this Incentive Plan is 2.15 million shares, accounting for approximately 1.38% of the Company's total share capital of 156 million shares as of the announcement date of the draft incentive plan. Among them, 1.95 million shares are granted for the first time, accounting for approximately 1.25% of the Company's total share capital of 156 million shares as of the announcement date of the draft incentive plan, and 90.70% of the total restricted shares to be granted under this Incentive Plan. The reserved shares are 0.2 million shares, accounting for approximately 0.13% of the Company's total share capital of 156 million shares as of the announcement date of the draft incentive plan, and 9.30% of the total restricted shares to be granted under this Incentive Plan.
- A total of 123 incentive recipients are included in the first grant of this Incentive Plan. This includes senior management, middle management, and key technical personnel employed by the Company (including its subsidiaries, hereinafter referred to as the same) at the time of the Company's announcement of this Incentive Plan. It does not include independent directors of Xintong Electronics, shareholders who individually or collectively hold more than 5% of the Company's shares, or their actual controllers and their spouses, parents, children, and foreign employees. Reserved incentive recipients refer to incentive recipients who have not yet been determined at the time the Incentive Plan is approved by the shareholders' meeting but are included in the Incentive Plan during its term. The reserved incentive recipients shall be determined within 12 months after the Incentive Plan is reviewed and approved by the shareholders' meeting. The determination standards for reserved incentive recipients shall be consistent with those for the first grant.
- The grant price for the first grant of restricted shares under this Incentive Plan is 18.36 RMB per share.
- Vesting period: Incentive recipients' granted restricted shares are subject to different vesting periods, all calculated from the date of registration of the granted restricted shares. The interval between the grant date and the first vesting date shall be no less than 12 months.
- Vesting Arrangement The vesting arrangement for the restricted shares granted for the first time is shown in the table below: