Securities Code: 300005 Securities Abbreviation: Explorers Announcement Number: Lin 2026-009
Explorers Holdings Group Co., Ltd. Announcement on Adjusting the List of 2026 Restricted Stock Incentive Grantees, Awarded Equity Quantity, and Granting Restricted Stocks to Grantees
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Key Information Prompt:
- Restricted Stock Grant Date: March 5, 2026
- Number of Restricted Stocks Granted: 67.2680 million shares
- Incentive Method: First Class Restricted Stocks
Explorers Holdings Group Co., Ltd. (hereinafter referred to as the "Company") held the twelfth meeting of the Sixth Board of Directors on March 5, 2026, and reviewed and approved the "Proposal on Adjusting the List of Grantees and Awarded Equity Quantity for the 2026 Restricted Stock Incentive Plan" and the "Proposal on Granting Restricted Stocks to Grantees of the 2026 Restricted Stock Incentive Plan." Pursuant to the authorization of the first extraordinary general meeting of shareholders in 2026, the Board of Directors believes that the grant conditions stipulated in the Company's "2026 Restricted Stock Incentive Plan" (hereinafter referred to as the "Incentive Plan" or "this Incentive Plan") have been met. It was agreed that March 5, 2026, would be the grant date, and it was agreed to grant 67.2680 million shares of the first class restricted stocks to 59 grantees at a grant price of RMB 7.08 per share. The relevant matters are hereby announced as follows:
I. Grant of Restricted Stocks
(I) Decision-Making Procedures and Information Disclosure for this Incentive Plan
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On February 13, 2026, the fourth meeting of the Nomination and Remuneration Committee of the Sixth Board of Directors of the Company reviewed and approved the "Proposal on the <2026 Restricted Stock Incentive Plan (Draft)> and its Summary" and the "Proposal on the <2026 Restricted Stock Incentive Plan Performance Assessment and Management Measures>." The Nomination and Remuneration Committee of the Board of Directors of the Company verified the relevant matters of this Incentive Plan and issued a verification opinion.
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On February 13, 2026, the Company held the eleventh meeting of the Sixth Board of Directors and reviewed and approved the "Proposal on the <2026 Restricted Stock Incentive Plan (Draft)> and its Summary," the "Proposal on the <2026 Restricted Stock Incentive Plan Performance Assessment and Management Measures>," and the "Proposal on Requesting the Company's Shareholders' Meeting to Authorize the Board of Directors to Handle Matters Related to the 2026 Restricted Stock Incentive Plan," among other proposals.
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From February 14 to February 23, 2026, the Company publicly disclosed the names and positions of the grantees of this Incentive Plan within the Company. By the end of the disclosure period, the Nomination and Remuneration Committee of the Board of Directors had not received any objections regarding the proposed grantees of this Incentive Plan. On February 24, 2026, the Company disclosed the "Explanation of the Public Disclosure of the List of Grantees for the 2026 Restricted Stock Incentive Plan and Verification Opinion" from the Nomination and Remuneration Committee of the Board of Directors of Explorers Holdings Group Co., Ltd. on the Shenzhen Stock Exchange website.
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On March 2, 2026, the Company's first extraordinary general meeting of shareholders in 2026 reviewed and approved the "Proposal on the <2026 Restricted Stock Incentive Plan (Draft)> and its Summary," the "Proposal on the <2026 Restricted Stock Incentive Plan Performance Assessment and Management Measures>," and the "Proposal on Requesting the Company's Shareholders' Meeting to Authorize the Board of Directors to Handle Matters Related to the 2026 Restricted Stock Incentive Plan." On the same day, the Company disclosed the "Self-Inspection Report on Insider Trading of Company Shares Related to the 2026 Restricted Stock Incentive Plan" on the Shenzhen Stock Exchange website.