Important Content Reminder:
- Vesting Date: June 8, 2026;
- Number of Shares Vesting: The number of shares vesting in the second vesting period of the initial grant is 1,003,644 shares, and the number of shares vesting in the first vesting period of the reserved grant is 120,000 shares, totaling 1,123,644 shares, accounting for 0.23% of the company's total share capital before vesting;
- Number of Individuals Receiving Shares: 303 individuals for the second vesting period of the initial grant; 57 individuals for the first vesting period of the reserved grant;
- Listing and Trading Arrangements: The second category of restricted stock is unrestricted and can be traded after listing.
Beijing Junzheng Integrated Circuit Co., Ltd. (hereinafter referred to as "the Company" or "Beijing Junzheng") held the sixth meeting of the Nomination and Compensation Committee and the twelfth meeting of the sixth board of directors on May 21, 2026, where it reviewed and approved the proposal regarding the achievement of vesting conditions for the second vesting period of the initial grant and the first vesting period of the reserved grant under the 2024 Restricted Stock Incentive Plan (hereinafter referred to as "the Incentive Plan"). The vesting conditions for the second vesting period of the initial grant and the first vesting period of the reserved grant have been met. As of the date of this announcement, the Company has completed the registration procedures for the vesting of restricted stocks for the second vesting period of the initial grant and the first vesting period of the reserved grant. The relevant matters are explained as follows:
I. Overview of the Implementation of the Equity Incentive Plan
(1) Introduction to the Equity Incentive Plan
The Company held the fifteenth meeting of the fifth board of directors on April 11, 2024, and the annual general meeting of shareholders on May 13, 2024, where it reviewed and approved the proposal regarding the 2024 Restricted Stock Incentive Plan (draft) and its summary. The main contents of the Incentive Plan are as follows:
- Source of the Target Shares: The shares involved in this Incentive Plan are sourced from the Company's issuance of A-share common stock to the incentive objects.
- Grant Objects and Quantity of Restricted Stock: The total number of individuals receiving the initial grant is 349, including directors, senior management, middle management, and core business (technical) backbones. The number of restricted stocks granted in the initial grant is 3,917,040 shares, accounting for 0.81% of the total share capital of 48,156,991.11 shares; 400,000 shares are reserved, accounting for 0.08% of the total share capital.
- Grant Price of Restricted Stock (Before Adjustment): The grant price of the restricted stock (including reserved grants) is 31.09 yuan per share, meaning that upon meeting the vesting conditions, the incentive objects can purchase the Company's A-share common stock at this price.
- Vesting Arrangements of the Incentive Plan: The restricted stocks granted under this Incentive Plan will vest in stages according to the agreed proportion after the incentive objects meet the corresponding vesting conditions. The vesting date must be a trading day, and the obtained restricted stocks cannot vest during the following periods: (1) within 15 days prior to the announcement of the annual report or semi-annual report of the listed company; (2) within 5 days prior to the announcement of the quarterly report, performance forecast, or performance brief; (3) from the date of occurrence of significant events that may have a major impact on the trading price of the Company's stock and its derivatives until the date of legal disclosure; (4) other periods stipulated by the China Securities Regulatory Commission and the Shenzhen Stock Exchange. If relevant laws, administrative regulations, or departmental rules provide otherwise regarding the periods during which vesting is not allowed, those provisions shall prevail.