Securities Code: 300054 Bond Code: 123255 Securities Abbreviation: Dinglong Shares Announcement No.: 2026-045 Bond Abbreviation: Dinglong Convertible Bond
Hubei Dinglong Holding Co., Ltd. Announcement on the Second Tranche of Exercisable Stock Options under the 2024 Stock Option Incentive Plan
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
Special Instructions:
- The number of eligible recipients for this exercise is 275, and the number of exercisable stock options is 7.1619 million, accounting for 0.76% of the company's total share capital of 948,068,222 shares as of March 31, 2026 (hereinafter referred to as "the same").
- This exercise adopts the self-exercise mode. The exercise matters will be carried out after the procedures are completed by the relevant institutions, and a separate announcement will be made at that time.
Hubei Dinglong Holding Co., Ltd. (hereinafter referred to as "the Company") held the twelfth meeting of the Sixth Board of Directors on April 27, 2026, and reviewed and approved the "Proposal on the Second Tranche of Exercisable Stock Options under the 2024 Stock Option Incentive Plan." The Board of Directors believes that the conditions for the second exercise period of the 2024 Stock Option Incentive Plan (hereinafter referred to as "this Incentive Plan") have been met. It is agreed that 275 eligible recipients who meet the exercise conditions can exercise 7.1619 million stock options in the second exercise period, with an exercise price of RMB 18.93 per share. The relevant matters are hereby explained as follows:
I. Overview of the 2024 Stock Option Incentive Plan and Procedures Performed (I) Introduction to the Stock Option Incentive Plan
- The source of shares for this Incentive Plan is the directed issuance of RMB A-shares by the Company to the incentive recipients.
- Exercise Price (before adjustment): RMB 19.03 per option.
- Number of Incentive Recipients (before adjustment): 296.
- Number of Granted Stock Options: A total of 25 million stock options are to be granted to incentive recipients. The type of underlying shares involved is RMB A-shares, accounting for approximately 2.64% of the company's total share capital of 94,573.1391 million shares at the time of the announcement of the incentive plan draft. This incentive plan is a one-time grant with no reserve. After the Company's shareholders' meeting approved this Incentive Plan, 5 incentive recipients lost their eligibility due to resignation. The Company canceled the stock options granted to these 5 incentive recipients, totaling 0.10 million options. The actual number of stock options granted and registered in this Incentive Plan is 24.9990 million options, granted to 291 incentive recipients.
- Exercise Arrangement The exercise periods and exercise time arrangements for the stock options under this Incentive Plan are shown in the table below:
| Exercise Arrangement | Exercise Period | Exercise Proportion |
|---|---|---|
| First Exercise Period | From the first trading day after 12 months from the grant date to the last trading day within 24 months from the grant date | 40% |
| Second Exercise Period | From the first trading day after 24 months from the grant date to the last trading day within 36 months from the grant date | 30% |
| Third Exercise Period | From the first trading day after 36 months from the grant date to the last trading day within 48 months from the grant date | 30% |
After the stock options meet the exercise conditions, the Company will handle the exercise of stock options that meet the conditions for the incentive recipients. Stock options that are not applied for exercise within the agreed period or cannot be applied for exercise due to not meeting the exercise conditions will be canceled by the Company in accordance with the principles of this Incentive Plan, and the relevant rights will not be deferred to the next period.