Stock Code: 002126 Stock Abbreviation: Yinlun Shares Announcement No.: 2026-052 Bond Code: 127037 Bond Abbreviation: Yinlun Convertible Bonds
Zhejiang Yinlun Machinery Co., Ltd. Announcement on the Achievement of Exercise Conditions for the Fourth Exercise Period of the Initial Grant under the 2022 Stock Option Incentive Plan
Special Notice:
- The exercise conditions for the fourth exercise period of the stock options initially granted by the company have been met. A total of 353 eligible participants are entitled to exercise 11,296,936 stock options, accounting for 1.3341% of the company's current total share capital. The exercise price for the initially granted stock options is 9.64 yuan per share.
- Stock options meeting the exercise conditions will be exercised using an autonomous exercise mode.
- If all currently exercisable stock options are exercised, the company's shares will still meet the conditions for listing.
- These stock options can only be exercised after the completion of exercise procedures with relevant departments. The company will issue a separate announcement at that time; investors are advised to take note.
Zhejiang Yinlun Machinery Co., Ltd. (hereinafter referred to as the "Company") held the 39th meeting of the 9th Board of Directors on June 22, 2026, and deliberated and approved the "Proposal on the Achievement of Exercise Conditions for the Fourth Exercise Period of the Initial Grant under the 2022 Stock Option Incentive Plan." In accordance with the "Administrative Measures for Equity Incentives of Listed Companies" (hereinafter referred to as the "Administrative Measures") and the relevant provisions of the Company's "2022 Stock Option Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan"), the Board of Directors believes that the exercise conditions for the fourth exercise period of the stock options initially granted under the 2022 Stock Option Incentive Plan have been met. The number of stock options that can be exercised by the 353 eligible participants is 11,296,936. The relevant matters are announced as follows:
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Overview of the Implementation of the 2022 Stock Option Incentive Plan (1) Introduction to the 2022 Stock Option Incentive Plan
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Approval Status of the 2022 Stock Option Incentive Plan On March 9, 2022, the company held the 19th meeting of the 8th Board of Directors, which deliberated and approved the "Proposal on the 2022 Stock Option Incentive Plan (Draft) and its Summary," the "Proposal on the Assessment and Management Measures for the Implementation of the 2022 Stock Option Incentive Plan," and the "Proposal on Requesting the General Meeting of Shareholders to Authorize the Board of Directors to Handle Matters Related to the 2022 Stock Option Incentive Plan."
On March 25, 2022, the company's 2022 Second Extraordinary General Meeting of Shareholders deliberated and approved the "Proposal on the 2022 Stock Option Incentive Plan (Draft) and its Summary," the "Proposal on the Assessment and Management Measures for the Implementation of the 2022 Stock Option Incentive Plan," and the "Proposal on Requesting the General Meeting of Shareholders to Authorize the Board of Directors to Handle Matters Related to the Company's 2022 Stock Option Incentive Plan." The Board of Directors was authorized to determine the grant date of the stock options, to grant stock options to participants when they meet the conditions, and to handle all necessary matters for the grant of stock options.
On April 1, 2022, the company held the 20th meeting of the 8th Board of Directors, which deliberated and approved the "Proposal on Adjusting the List of Participants and the Number of Grants for the Initial Grant of the 2022 Stock Option Incentive Plan" and the "Proposal on the Initial Grant of Stock Options to Participants."
- Main Contents of the 2022 Stock Option Incentive Plan (1) Type of underlying stock: Company A-share common stock. (2) Source of underlying stock: The company issues A-share common stock to participants on a directional basis. (3) Participants: The number of participants initially granted under this plan is 384, consisting of directors, senior management, and core key employees of the company (including wholly-owned and holding subsidiaries). (4) The distribution of the stock options initially granted under this plan among the participants is shown in the table below: