Shandong Yanggu Huatai Chemical Co., Ltd. 2026 Restricted Stock Incentive Plan (Draft) Summary
Stock Abbreviation: Yanggu Huatai
Stock Code: 300121
Bond Abbreviation: Yanggu Convertible Bond
Bond Code: 123211
Statement
The Company and all directors guarantee that this incentive plan draft and its summary contain no false records, misleading statements, or major omissions, and assume individual and joint legal responsibility for their authenticity, accuracy, and completeness.
Special Notice
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This incentive plan is formulated in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for Equity Incentives of Listed Companies, the Guidelines for Self-Regulation of Listed Companies on the ChiNext Market of the Shenzhen Stock Exchange No. 1—Business Handling, and other relevant laws, regulations, and normative documents, as well as the Articles of Association of Shandong Yanggu Huatai Chemical Co., Ltd. (hereinafter referred to as "Yanggu Huatai," "the Company," or "the Company").
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The Company does not have any circumstances prohibited from implementing equity incentives as stipulated in Article 7 of the Administrative Measures for Equity Incentives of Listed Companies:
(1) The financial accounting report for the most recent fiscal year has been issued with an adverse opinion or a disclaimer of opinion by a certified public accountant;
(2) The internal control of the financial report for the most recent fiscal year has been issued with an adverse opinion or a disclaimer of opinion by a certified public accountant;
(3) There has been a failure to distribute profits in accordance with laws, regulations, the Articles of Association, or public commitments within the last 36 months after listing;
(4) Other circumstances where equity incentives are prohibited by laws and regulations;
(5) Other circumstances recognized by the China Securities Regulatory Commission (CSRC).
- The incentive targets of this plan do not have any circumstances prohibited from becoming incentive targets as stipulated in Article 8 of the Administrative Measures for Equity Incentives of Listed Companies:
(1) Being identified as an inappropriate candidate by the stock exchange within the last 12 months;
(2) Being identified as an inappropriate candidate by the CSRC and its dispatched agencies within the last 12 months;
(3) Having been subject to administrative penalties or market entry bans by the CSRC and its dispatched agencies within the last 12 months due to major violations of laws and regulations;
(4) Having circumstances stipulated by the Company Law that prohibit serving as a director or senior manager of the company;
(5) Being prohibited from participating in equity incentives of listed companies by laws and regulations;
(6) Other circumstances recognized by the CSRC.
- The incentive tool adopted by this incentive plan is restricted stock (Type II restricted stock), and the stock source is the Company's A-share common stock issued by the Company to the incentive targets.
Incentive targets who meet the grant conditions of this incentive plan will obtain shares in batches at the grant price after meeting the corresponding vesting conditions. These shares will be registered with the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. Before vesting, the restricted stock granted to the incentive targets does not enjoy shareholder rights, and such restricted stock may not be transferred, used for guarantees, or used to repay debts.
- The Company intends to grant 15.87 million restricted shares to the incentive targets, accounting for approximately 3.56% of the total share capital of 445.239323 million shares as of August 18, 2026. This grant is a one-time grant with no reserved interests.
As of the date of the announcement of this incentive plan draft, the Company is not simultaneously implementing other equity incentive plans. The total number of underlying shares involved in all effective equity incentive plans of the Company does not exceed 20% of the Company's total share capital. The total number of the Company's shares granted to any one incentive target through all equity incentive plans within the validity period does not exceed 1% of the Company's total share capital.