Qingdao Teruid Electric Co., Ltd. Announcement on the Results of the First Vesting Period of the 2024 Restricted Stock Incentive Plan and Share Listing
The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
Important Content Reminder:
- Vesting Date: June 3, 2026
- Number of Shares Vesting: 420,000 shares
- Number of Individuals Vesting: 104
- There is no lock-up period for the vested restricted stocks, and the incentive targets are executed according to relevant regulations.
According to the "Management Measures for Equity Incentives of Listed Companies" issued by the China Securities Regulatory Commission (hereinafter referred to as the "Management Measures"), and relevant regulations of the Shenzhen Stock Exchange and China Securities Depository and Clearing Corporation Limited Shenzhen Branch, Qingdao Teruid Electric Co., Ltd. (hereinafter referred to as the "Company" or "Teruid") has completed the share registration work for the first vesting period of the 2024 Restricted Stock Incentive Plan (hereinafter referred to as "this Incentive Plan"). The relevant situation is announced as follows:
I. Summary of the Implementation of the Equity Incentive Plan
(1) Brief Description of the Incentive Plan and Granting Situation
On April 26, 2024, and May 24, 2024, the company held the 19th meeting of the fifth board of directors and the 2023 annual general meeting to review and approve the proposals regarding the "2024 Restricted Stock Incentive Plan (Draft)" and its summary, among other related proposals. On May 24, 2024, the company held the 20th meeting of the fifth board of directors to review and approve the proposal on granting restricted stocks to incentive targets. The main content and granting situation of this incentive plan are as follows:
- Incentive Tool: Class II restricted stocks
- Source of Shares: Company A-shares repurchased from the secondary market and/or directed issuance of company A-shares to incentive targets
- Grant Price: 9.88 yuan/share (before adjustment). If the company undergoes capital reserve conversion to share capital, stock dividends, stock splits, reverse splits, rights issues, or distributions during the period from the announcement date of this incentive plan draft to the completion of restricted stock vesting registration by the incentive targets, the grant price and quantity of rights of the restricted stocks will be adjusted accordingly.
- Grant Situation: The grant date is May 24, 2024, with 1.4 million restricted stocks granted to 10 incentive targets. The specific allocation is as follows:
| No. | Name | Position | Granted Restricted Stock Quantity (10,000 shares) | Proportion of Total Granted Rights | Proportion of Total Capital at Announcement |
|---|---|---|---|---|---|
| 1 | Wang Chao | President | 17.50 | 12.50% | 0.0166% |
| 2 | Zhou Jun | Director, Executive President | 15.00 | 10.71% | 0.0142% |
| 3 | Li Jun | Director, Senior Vice President | 15.00 | 10.71% | 0.0142% |
| 4 | Li Guangzhi | Vice President | 15.00 | 10.71% | 0.0142% |
| 5 | Yang Kun | Vice President, Board Secretary | 12.50 | 8.93% | 0.0118% |
| Core Business (Technical) Personnel (5 people) | 65.00 | 46.43% | 0.0616% | ||
| Total | - | - | 140.00 | 100.00% | 0.1326% |