The company and its board of directors ensure the truthfulness, accuracy, and completeness of the announcement, without any false records or misleading statements.
Important Content Summary:
- This announcement pertains to the first grant of the restricted stock incentive plan for 2025, with a total of 222,250 shares to be granted to 853 participants.
- The vesting price is 33.24 yuan per share.
- The source of shares: the company’s A-shares listed on the secondary market.
- The vesting price (adjusted) is 33.24 yuan/share.
The company (hereinafter referred to as "the company" or "Yangguang Electric") held its 2026 first extraordinary general meeting on March 31, 2026, and approved the first grant of the restricted stock incentive plan for 2025. The board of directors believes that the first grant of the restricted stock incentive plan has met the conditions for the first vesting period.
Grant Details
- Grant method: Class II restricted stock.
- Grant amount: The total number of restricted stock granted in this plan is 11,350,000 shares, approximately 0.55% of the total shares of the company. Among them, the first grant is 910,500 shares, accounting for 0.44%, with a vested benefit amount of 80.22%; the remaining shares are 224,500 shares, approximately 0.11%, with a vested benefit amount of 19.78%.
- Grant price: The estimated grant price for the restricted stock is 35.27 yuan/share, which will be adjusted after the vesting conditions are met.
- Number of participants: The total number of participants in this grant does not exceed 874, including subsidiaries.