Special Reminder:
-
Guangzhou Yichang Technology Co., Ltd. (hereinafter referred to as "the Company") has achieved the unlocking conditions for the second unlocking period of the first grant of the 2023 Restricted Stock Incentive Plan (hereinafter referred to as "the Incentive Plan"). A total of 244 eligible participants can unlock 5,101,700 restricted shares, accounting for 1.24% of the Company's total share capital. Among them, 182 participants from the first grant can unlock 3,829,200 shares, while 85 participants from the reserved grant can unlock 1,272,500 shares. There are 23 overlapping participants between the first and reserved grants.
-
The date for the unlocked shares to be tradable is May 29, 2026. The Company held the 27th meeting of the sixth board of directors on April 23, 2026, to review and ensure the authenticity, accuracy, and completeness of the information disclosed, without any false records, misleading statements, or significant omissions.
The board approved the proposal regarding the achievement of unlocking conditions for the second unlocking period of the first grant of the 2023 Restricted Stock Incentive Plan. In accordance with the "Management Measures for Equity Incentives of Listed Companies" and the Company's "2023 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as "the Incentive Plan (Draft)"), and authorized by the Company's first extraordinary general meeting of shareholders in 2024, the Company has completed the procedures for the listing and circulation of shares related to the second unlocking period of the first grant and the first unlocking period of the reserved grant. A total of 244 eligible participants can unlock 5,101,700 restricted shares.
I. Relevant Approval Procedures for the Incentive Plan
-
On December 27, 2023, the Company held the sixth meeting of the sixth board of directors, where it reviewed and approved the proposals regarding the "2023 Restricted Stock Incentive Plan (Draft)" and its summary, the "Implementation Assessment Management Measures for the 2023 Restricted Stock Incentive Plan," and the proposal to authorize the board to handle matters related to the 2023 Restricted Stock Incentive Plan.
-
On December 27, 2023, the sixth meeting of the sixth supervisory board reviewed and approved the proposals regarding the "2023 Restricted Stock Incentive Plan (Draft)" and its summary, the "Implementation Assessment Management Measures for the 2023 Restricted Stock Incentive Plan," and the proposal to verify the list of participants for the first grant of the 2023 Restricted Stock Incentive Plan. The supervisory board conducted a review of the relevant matters of the Incentive Plan and issued verification opinions.
-
From January 5 to January 15, 2024, the Company publicly announced the names and positions of the participants for the first grant of the restricted stock incentive plan. During the announcement period, the supervisory board received no objections regarding the list of participants.
-
On January 19, 2024, the Company disclosed the "Supervisory Board's Explanation and Verification Opinion on the Public Announcement of the List of Participants for the First Grant of the 2023 Restricted Stock Incentive Plan" and simultaneously disclosed the Company's "Self-Inspection Report on Insider Information and Trading of Company Shares by Participants of the 2023 Restricted Stock Incentive Plan."
-
On February 26, 2024, the Company held its first extraordinary general meeting of shareholders in 2024, where it reviewed and approved the proposals regarding the "2023 Restricted Stock Incentive Plan (Draft)" and its summary, the "Implementation Assessment Management Measures for the 2023 Restricted Stock Incentive Plan," and the proposal to authorize the board to handle matters related to the 2023 Restricted Stock Incentive Plan.
-
Based on the authorization from the first extraordinary general meeting of shareholders in 2024, on April 26, 2024, the Company held the tenth meeting of the sixth board of directors and the ninth meeting of the sixth supervisory board, where it reviewed and approved the proposals regarding the adjustment of participants and grant quantities for the 2023 Restricted Stock Incentive Plan and the granting of restricted stocks to participants of the first grant.