Stock Abbreviation: Sanhui Electric
Stock Code: 002857
Zhengzhou Sanhui Electric Co., Ltd.
2026 Restricted Stock Incentive Plan (Draft)
July 2026
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 authenticity, accuracy, and completeness.
All incentive recipients of the Company promise that if the Company fails to meet the conditions for granting or exercising rights due to false records, misleading statements, or major omissions in the information disclosure documents, the incentive recipients shall return all benefits obtained from this incentive plan to the Company after the relevant information disclosure documents are confirmed to contain false records, misleading statements, or major omissions.
Special Notice
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The "Zhengzhou Sanhui Electric Co., Ltd. 2026 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan") is formulated by Zhengzhou Sanhui Electric Co., Ltd. (hereinafter referred to as "Sanhui Electric," "the Company," or "this Company") 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," the "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 1 — Business Handling," and other relevant laws, administrative regulations, normative documents, and the "Articles of Association."
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The incentive form adopted by this Incentive Plan is restricted stock. The source of the stock is the Company's RMB A-share common stock issued to the incentive recipients.
Incentive recipients who meet the grant conditions of this Incentive Plan shall be granted rights by the Company within 60 days from the shareholders' meeting, and registration shall be carried out at the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. Before the restricted stocks granted to the incentive recipients are released from restrictions, the incentive recipients enjoy the rights inherent in their stocks, including but not limited to dividend rights and allotment rights. However, stock dividends, capital reserve conversion shares, allotment shares, and shares allotted to original shareholders during additional issuance obtained by incentive recipients due to the granted restricted stocks during the restricted period shall also be restricted and shall not be sold or transferred in the secondary market. The expiration date of the restriction period for such shares shall be the same as that of the restricted stocks, and the aforementioned restricted stocks shall not be transferred, used for guarantees, or used to repay debts.
- The number of restricted stocks proposed to be granted to the incentive recipients under this Incentive Plan is 4.421875 million shares, accounting for approximately 3.38% of the Company's total share capital of 130.634 million shares on the date of the announcement of this Incentive Plan draft. Among them, 3.5375 million shares are granted for the first time, accounting for approximately 2.71% of the Company's total share capital on the date of the announcement of this Incentive Plan draft, and 80% of the total number of restricted stocks proposed to be granted under this Incentive Plan; 0.884375 million shares are reserved, accounting for approximately 0.68% of the Company's total share capital on the date of the announcement of this Incentive Plan draft, and 20% of the total number of restricted stocks proposed to be granted under this Incentive Plan.