The company and its board of directors ensure that the information disclosed herein is true, accurate, and complete, without any false records, misleading statements, or major omissions.
Special Instructions:
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Zhonghuan Innovation Co., Ltd. (hereinafter referred to as "the Company") has approved the first grant of the second vesting conditions for the third phase of the restricted stock incentive plan, involving a total of 9 names, with the shares involved in the first grant amounting to 2,482,200 shares, accounting for 0.22% of the company's total shares.
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The implementation of this incentive plan and the corresponding vesting conditions are consistent, and there are no discrepancies. This first grant is subject to the relevant procedures of the company, and the company will announce related disclosures before the shares are listed.
Basic Situation of the Restricted Stock Incentive Plan
1. Overview of the Incentive Plan
The third phase of the restricted stock incentive plan has been approved by the fourth meeting of the fifth board of directors and the fourth supervisory board meeting of 2023. The board of directors has completed the voting on the first grant of the second vesting conditions.
| Type of Restricted Stock | First Class Restricted Stock |
|---|---|
| Source of Stock Grant | Restricted stock granted to A shares of the company |
| First Grant Price | 52.33 CNY/share; approved by the second meeting of the fifth board of directors |
| Price Adjustment | 37.06 CNY/share; approved by the second meeting of the fifth board of directors |
| Price Adjustment Date | 36.16 CNY/share |