Securities Code: 300209 Securities Abbreviation: Xingyun Technology Announcement Number: 2026-084
Xingyun Technology Co., Ltd. Announcement on Granting Restricted Stocks and Stock Options to Incentive Recipients under the 2026 First Phase Equity Incentive Plan
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Important Notice:
- Grant Date for Class II Restricted Stocks: June 8, 2026
- Grant Price for Class II Restricted Stocks: ¥13.15 per share
- Grant Date for Stock Options: June 8, 2026
- Grant Price for Stock Options: ¥26.31 per share
Xingyun Technology Co., Ltd. (hereinafter referred to as the "Company") held the 19th meeting of the Seventh Board of Directors on June 8, 2026, and approved the "Proposal on Granting Restricted Stocks and Stock Options to Incentive Recipients under the 2026 First Phase Equity Incentive Plan." The conditions for granting equity stipulated in the "Xingyun Technology Co., Ltd. 2026 First Phase Equity Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan" or "Incentive Plan (Draft)") have been met. Based on the authorization of the Company's 2025 Annual General Meeting of Shareholders, the Company has determined June 8, 2026, as the grant date. The Company will grant 74.2536 million stock options to 208 eligible incentive recipients at an exercise price of ¥26.31 per option, and 18.61 million Class II restricted shares to 16 eligible incentive recipients at a grant price of ¥13.15 per share. The relevant matters are hereby explained as follows:
I. Relevant Approval Procedures for the Incentive Plan
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Board of Directors Deliberation: The Company held a meeting of the Remuneration and Assessment Committee of the Seventh Board of Directors on May 17, 2026, to draft the "Incentive Plan (Draft)" and its summary. On the same day, the Board of Directors deliberated on the "Incentive Plan (Draft)" and related proposals, and related directors abstained from voting.
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Internal Public Announcement: The Company has publicly announced the names and positions of the incentive recipients internally. The announcement period was no less than 10 days. After the announcement period, the Remuneration and Assessment Committee of the Board of Directors reviewed the announcement situation and issued its review opinion.
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Shareholders' Meeting Approval: The Company held its 2025 Annual General Meeting of Shareholders on May 29, 2026, and approved the "Proposal on the '2026 First Phase Equity Incentive Plan (Draft)' and its Summary" and other related proposals. The Shareholders' Meeting authorized the Board of Directors to determine the grant date, grant equity to eligible recipients when conditions are met, and handle related matters.
II. Differences Between the Implemented Equity Incentive Plan and the Equity Incentive Plan Approved by the Shareholders' Meeting
Through internal deliberation procedures, due to 13 incentive recipients no longer meeting the incentive qualifications due to resignation or failure to pass internal reviews, the number of participants in this incentive plan has been adjusted to 210 people, while the total number of incentives remains unchanged. Apart from the above adjustments, the content of the implemented equity incentive plan is consistent with the equity incentive plan approved by the Company's 2025 Annual General Meeting of Shareholders.
III. Grant Conditions of the Incentive Plan and the Board of Directors' Explanation on Whether the Grant Conditions are Met
According to the provisions of the Incentive Plan, the Company shall grant stock options/Class II restricted shares to incentive recipients when the following conditions are met simultaneously. Conversely, if any of the following grant conditions are not met, stock options/Class II restricted shares cannot be granted to incentive recipients.