Announcement on the Results of the Second Vesting Period of the 2024 Restricted Stock Incentive Plan and Share Listing
Securities Code: 300018
Securities Abbreviation: Zhongyuan Co., Ltd.
Announcement No.: 2026-017
Wuhan Zhongyuan Huadian Technology Co., Ltd. guarantees that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Important Content Reminder:
- Vesting Date: June 5, 2026
- Number of Shares Vesting: 3,375,000 shares
- Number of Participants: 103 persons
- Listing and Lock-up Arrangement: There will be no lock-up period for the shares granted under this incentive plan after vesting. For directors and senior management, the restrictions will be executed according to the Company Law of the People's Republic of China and the Securities Law of the People's Republic of China, along with relevant laws, regulations, normative documents, and the Company’s Articles of Association.
I. Overview of the Implementation of the Equity Incentive Plan
(1) Introduction to the 2024 Restricted Stock Incentive Plan
The company held the second extraordinary meeting of the sixth board of directors on February 4, 2024, and the first extraordinary shareholders' meeting of 2024 on February 28, 2024, to review and approve the proposals related to the 2024 Restricted Stock Incentive Plan. The main contents of the plan are as follows:
- Incentive Tool: Class II restricted stock.
- Source of Target Shares: The company issues A-share common stock to the incentive recipients.
- Grant Price: The grant price for the restricted stock under this incentive plan is 2.99 yuan per share.
- Recipients and Distribution:
| No. | Name | Position | Number of Restricted Shares Granted (10,000 shares) | Percentage of Total Granted | Percentage of Total Capital on Announcement Date |
|---|---|---|---|---|---|
| 1 | Yin Jian | Chairman | 56 | 4.87% | 0.12% |
| 2 | Lu Chunming | Vice Chairman and President | 71 | 6.17% | 0.15% |
| 3 | Deng Zhigang | Director | 60 | 5.22% | 0.12% |
| 4 | Huang Weibing | CFO and Board Secretary | 26 | 2.26% | 0.05% |
| 5 | Xiong Jinmei | Vice President | 25 | 2.17% | 0.05% |
| 6 | Zheng Junlin | Chief Engineer | 35 | 3.04% | 0.07% |
| Core Technical Staff (99 persons) | 877 | 76.26% | 1.83% | ||
| Total | 1,150 | 100.00% | 2.39% |
Note:
- None of the incentive recipients has been granted shares exceeding 1.00% of the total share capital of the company through all effective equity incentive plans. The total number of shares involved in all effective incentive plans does not exceed 20.00% of the company's total capital at the time of the announcement.
- The incentive recipients do not include independent directors, supervisors, or foreign employees.
- Any discrepancies in totals are due to rounding.