Stock Code: 002592 Stock Abbreviation: ST Yalv Announcement No.: 2026-049
Nanning Yalv Technology Co., Ltd.
Announcement on the Completion of Registration for the Reserved Grant of the Second Stock Option Incentive Plan
Important Content Tips:
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Option Abbreviation: Yalv JLC4
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Option Code: 037983
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Reserved Grant Date: July 30, 2026
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Completion Date of Reserved Grant Registration: August 7, 2026
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Number of Reserved Options Registered: 1.5 million
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Number of Participants for Reserved Grant: 57
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Exercise Price: 6.25 RMB/share
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Source of Shares: RMB ordinary shares (A shares) issued by the Company to the incentive participants
In accordance with the Administrative Measures for Equity Incentives of Listed Companies and the relevant business rules of the Shenzhen Stock Exchange and China Securities Depository and Clearing Corporation Limited (Shenzhen Branch), Nanning Yalv Technology Co., Ltd. (hereinafter referred to as the "Company") has recently completed the grant registration for the reserved stock options under the Second Stock Option Incentive Plan (hereinafter referred to as the "Incentive Plan"). The relevant details are announced as follows:
I. Brief Description of the Second Stock Option Incentive Plan and Procedures Performed
(I) Brief Description of the Second Stock Option Incentive Plan
This Incentive Plan uses stock options as the incentive tool, and the underlying shares are RMB ordinary shares (A shares) issued by the Company to the incentive participants. The Incentive Plan intends to grant a total of 10 million stock options, implemented in two batches, with specific arrangements as follows:
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Initial Grant: On August 11, 2025, the Company granted 8.5 million stock options to 143 incentive participants, accounting for 3% of the Company's total share capital at the time of the announcement of the draft Incentive Plan, and 85% of the total equity proposed to be granted under the Incentive Plan.
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Reserved Grant: On July 30, 2026, the Company granted 1.5 million reserved stock options to 57 incentive participants, accounting for 0.53% of the Company's total share capital at the time of the announcement of the draft Incentive Plan, and 15% of the total equity proposed to be granted under the Incentive Plan.
The initial exercise price of the stock options under this Incentive Plan was 6.5 RMB/share. Following two adjustments based on the implementation of the Company's equity distribution, the current exercise price has been adjusted to 6.25 RMB/share. The exercise price for the initial grant and the reserved grant is the same.
(II) Decision-making and Approval Procedures Performed for the Second Stock Option Incentive Plan
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On July 22, 2025, the Company held the 7th meeting of the 7th Board of Directors' Remuneration and Appraisal Committee, the 20th meeting of the 7th Board of Directors, and the 18th meeting of the 7th Board of Supervisors, deliberating and approving the "Nanning Yalv Technology Co., Ltd. Second Stock Option Incentive Plan (Draft)" and its summary, the "Nanning Yalv Technology Co., Ltd. Second Stock Option Incentive Plan Implementation Assessment Management Measures," and other proposals. The Remuneration and Appraisal Committee and the Board of Supervisors issued verification opinions on relevant matters of the Incentive Plan, and the law firm issued a legal opinion.
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From July 24 to August 2, 2025, the Company publicized the list of initial incentive participants on its official website, and no objections were received during the publicity period. On August 5, 2025, the Company disclosed the "Audit Opinion of the Board of Directors' Remuneration and Appraisal Committee on the List of Initial Incentive Participants for the Second Stock Option Incentive Plan and Explanation of Publicity Situation" and the "Self-inspection Report on the Trading of Company Shares by Insiders and Incentive Participants of the Second Stock Option Incentive Plan."