Dongguan Ocean Technology Co., Ltd. 2026 Stock Option Incentive Plan (Draft) Summary
Statement
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the content of this incentive plan and its summary, and that there are no false records, misleading statements, or material omissions.
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Special Notes
I. The "Dongguan Ocean Technology Co., Ltd. 2026 Stock Option Incentive Plan (Draft)" is formulated by Dongguan Ocean Technology Co., Ltd. (hereinafter referred to as "Ocean Technology," "the Company," or "this Company") in accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Stock Listing Rules of the Shenzhen Stock Exchange," "Administrative Measures for Equity Incentives of Listed Companies," "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 1 - Business Handling," and other relevant laws, administrative regulations, normative documents, and the "Articles of Association."
II. The incentive method adopted by Ocean Technology's 2026 Stock Option Incentive Plan (hereinafter referred to as "this Incentive Plan") is stock options. The source of the shares is the ordinary RMB A shares issued by the Company to the incentive recipients on a targeted basis.
III. The number of stock options to be granted to incentive recipients under this Incentive Plan is 1.10 million, accounting for approximately 0.40% of the Company's total share capital of 27.604 million shares as of the disclosure date of the incentive plan draft. Among these, the initial grant is 900,000 stock options, accounting for approximately 0.33% of the Company's total share capital of 27.604 million shares as of the disclosure date of the incentive plan draft, and 81.82% of the total stock options to be granted under this incentive plan. The reserved portion is 200,000 stock options, accounting for approximately 0.07% of the Company's total share capital of 27.604 million shares as of the disclosure date of the incentive plan draft, and 18.18% of the total stock options to be granted under this incentive plan. Each stock option granted under this incentive plan carries the right to purchase one ordinary RMB A share of the Company at the exercise price during the exercise period, provided that the vesting conditions and vesting arrangements are met.
As of the disclosure date of the incentive plan draft, the total number of shares involved in all equity incentive plans of the Company that are currently in effect does not exceed 10% of the Company's total share capital. For any single incentive recipient, the total number of Company shares granted under all equity incentive plans currently in effect does not exceed 1% of the Company's total share capital.
IV. The initial grant recipients involved in this incentive plan total 3 individuals, including directors, senior management personnel, and key core personnel employed by the Company (including its holding subsidiaries, hereinafter referred to as "the Company") at the time of the Company's announcement of this incentive plan. This excludes independent directors of Ocean Technology, shareholders who individually or collectively hold more than 5% of the shares, or their actual controllers and their spouses, parents, children, and foreign employees. Reserved incentive recipients refer to those who have not yet been determined at the time the shareholders' meeting approves this incentive plan, but will be included in this incentive plan during its term.
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The recipients of the reserved options shall be determined within 12 months after the incentive plan is approved by the shareholders' meeting. The determination standards for reserved recipients shall be consistent with those for the initial grant.
V. The exercise price for the initial grant of stock options under this incentive plan is 50.45 yuan/share. If the Company undergoes capital reserve to share capital conversion, bonus share distribution, stock split, reverse stock split, or dividend distribution during the period from the disclosure date of the incentive plan draft to the registration of stock options granted to incentive recipients, the exercise price and the number of shares for the stock options will be adjusted accordingly.