Shandong Yanggu Huatai Chemical Co., Ltd. 2026 Restricted Stock Incentive Plan (Draft)
Securities Abbreviation: Yanggu Huatai; Securities Code: 300121
Bond Abbreviation: Yanggu Convertible Bonds; Bond Code: 123211
Shandong Yanggu Huatai Chemical Co., Ltd.
2026 Restricted Stock Incentive Plan (Draft)
August 2026
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 Shenzhen Stock Exchange GEM Listed Company Self-Regulatory Guidelines 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").
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The Company does not fall under any of the circumstances stipulated in Article 7 of the Administrative Measures for Equity Incentives of Listed Companies that prohibit the implementation of equity incentives:
(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 36 months after listing;
(4) Laws and regulations prohibit the implementation of equity incentives;
(5) Other circumstances recognized by the China Securities Regulatory Commission (CSRC).
- The incentive targets of this plan do not fall under any of the circumstances stipulated in Article 8 of the Administrative Measures for Equity Incentives of Listed Companies that prohibit them from becoming incentive targets:
(1) Being identified as an inappropriate candidate by the stock exchange in the last 12 months;
(2) Being identified as an inappropriate candidate by the CSRC and its dispatched agencies in the last 12 months;
(3) Having been subject to administrative penalties or market entry bans by the CSRC and its dispatched agencies in 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) Laws and regulations prohibit participation in equity incentives of listed companies;
(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 to the incentive targets.
Incentive targets who meet the grant conditions of this plan will obtain stocks in batches at the grant price after meeting the corresponding vesting conditions. These stocks will be registered with the Shenzhen Branch of China Securities Depository and Clearing Corporation. Before vesting, the restricted stocks granted to the incentive targets do not enjoy shareholder rights, and such restricted stocks may not be transferred, used for guarantees, or used to repay debts.
- The Company intends to grant 15.87 million restricted stocks to the incentive targets, accounting for approximately 3.56% of the Company's 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 implementing other equity incentive plans simultaneously. The total number of underlying stocks involved in all effective equity incentive plans of the Company does not exceed 20% of the Company's total share capital. The number of Company shares granted to any single incentive target through all effective equity incentive plans does not exceed 1% of the Company's total share capital.