Stock Abbreviation: Rifa Precision Machinery
Stock Code: 002520
Zhejiang Rifa Precision Machinery Co., Ltd.
2026 Restricted Stock Incentive Plan (Draft)
July 2026
Statement
The Company and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements, or major omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of its contents.
Special Notice
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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, other relevant laws, regulations, and normative documents, and the Articles of Association of Zhejiang Rifa Precision Machinery Co., Ltd.
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The incentive tool adopted in this incentive plan is restricted stock. The source of the shares is the Company's A-share common stock repurchased by Zhejiang Rifa Precision Machinery Co., Ltd. (hereinafter referred to as "Rifa Precision Machinery," "the Company," or "the Company") from the secondary market.
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The number of restricted shares intended to be granted to the incentive targets under this incentive plan is 12.117 million shares, accounting for approximately 1.62% of the Company's total share capital of 750.245171 million shares at the time of the announcement of this incentive plan draft. This grant of restricted shares is a one-time grant with no reserved interests.
The total number of underlying shares involved in all of the Company's equity incentive plans within the validity period does not exceed 10% of the Company's total share capital at the time of the announcement of this incentive plan draft. The total number of company shares granted to any single incentive target through all equity incentive plans within the validity period does not exceed 1% of the Company's total share capital at the time of the announcement of this incentive plan draft.
During the period from the date of the announcement of this incentive plan draft to the completion of the registration of restricted shares by the incentive targets, if the Company undergoes capital reserve conversion, stock dividend distribution, share subdivision or consolidation, or rights issues, the number of restricted shares granted will be adjusted accordingly in accordance with the relevant provisions of this incentive plan.
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The number of incentive targets to be granted under this incentive plan does not exceed 59 people, including directors, senior management, middle management, and core technical (business) personnel who are employed by the Company (including branches and subsidiaries, the same below) at the time of the announcement of this incentive plan.
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The grant price of the restricted shares under this incentive plan is 3.26 yuan/share.
During the period from the date of the announcement of this incentive plan draft to the completion of the registration of restricted shares by the incentive targets, if the Company undergoes capital reserve conversion, stock dividend distribution, share subdivision or consolidation, rights issues, or dividend payments, the grant price of the restricted shares will be adjusted accordingly in accordance with the relevant provisions of this incentive plan.
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The validity period of this incentive plan shall commence from the date of completion of the registration of the restricted shares and end on the date when all restricted shares granted to the incentive targets are unlocked or repurchased, with a maximum period not exceeding 48 months.
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The Company does not fall under any of the following circumstances stipulated in Article 7 of the Administrative Measures for Equity Incentives of Listed Companies that prohibit the implementation of equity incentives:
(1) The financial accounting report for the most recent fiscal year has been issued with an adverse opinion or a disclaimer of opinion by a certified public accountant;