Stock Abbreviation: Enjie Shares
Stock Code: 002812
Statement
The Company and all directors guarantee that this Incentive Plan and its summary do not contain any false records, misleading statements, or major omissions, and assume individual and joint legal liability for their truthfulness, accuracy, and completeness.
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 Yunnan Energy New Material (Group) 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 from the secondary market by Yunnan Energy New Material (Group) Co., Ltd. (hereinafter referred to as the "Company").
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The Company intends to grant 3,674,288 restricted shares to the incentive targets. The underlying stock type is RMB A-share common stock, accounting for approximately 0.37% of the Company's total share capital of 982,131,897 shares at the time of the announcement of this draft. This Incentive Plan is a one-time grant with no reserved portion.
As of the date of the announcement of this draft, 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. The 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.
From the date of the announcement of this draft until the completion of the registration of restricted shares by the incentive targets, if the Company undergoes capital reserve capitalization, stock dividend distribution, share subdivision or consolidation, or rights issues, the number of restricted shares granted will be adjusted accordingly in accordance with this Incentive Plan.
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The incentive targets proposed for this Incentive Plan are directors, senior management, and core technical (business) personnel who are employed by the Company (including subsidiaries within the scope of the consolidated statements) at the time of the announcement of this Incentive Plan, with a total of 133 people.
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The grant price of the restricted shares under this Incentive Plan is 33.28 yuan/share.
From the date of the announcement of this draft until the completion of the registration of restricted shares by the incentive targets, if the Company undergoes capital reserve capitalization, 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 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 and cancelled, with a maximum duration of no more than 44 months.
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The Company does not fall under the circumstances stipulated in Article 7 of the Administrative Measures for Equity Incentives of Listed Companies where equity incentives may not be implemented:
(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;
(2) The internal control of the financial report for the most recent fiscal year has been issued with an adverse opinion or a disclaimer of opinion by a certified public accountant;
(3) There has been a failure to distribute profits in accordance with laws, regulations, the Articles of Association, or public commitments within the last 36 months after listing;
(4) Laws and regulations stipulate that equity incentives may not be implemented;
(5) Other circumstances recognized by the China Securities Regulatory Commission (CSRC).