Statement
This company and all its directors guarantee that this incentive plan and its summary do not contain any false records, misleading statements, or major omissions, and they bear individual and joint legal responsibility for their truthfulness, accuracy, and completeness.
All incentive recipients promise that if the company's information disclosure documents contain false records, misleading statements, or major omissions, leading to non-compliance with the equity grant or exercise arrangements, the incentive recipients will return all benefits obtained through this incentive plan to the company after the relevant information disclosure documents are confirmed to contain false records, misleading statements, or major omissions.
Special Notes
I. This incentive plan is formulated in accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Administrative Measures for Equity Incentives of Listed Companies," "Shenzhen Stock Exchange ChiNext Stock Market Listing Rules," "Shenzhen Stock Exchange ChiNext Listed Company Self-Regulatory Supervision Guide No. 1 – Business Handling," and the "Articles of Association" of Yinbang Metal Composite Materials Co., Ltd., and other relevant regulations.
II. The incentive instrument for this incentive plan is restricted stock (Class II restricted stock), sourced from the A-share common stock issued by Yinbang Metal Composite Materials Co., Ltd. (hereinafter referred to as the "Company") to incentive recipients.
III. This incentive plan proposes to grant a total of 6,000,000 restricted shares to incentive recipients, accounting for approximately 0.73% of the Company's total share capital as of the announcement date of this incentive plan draft. Among these, the initial grant is 5,310,000 restricted shares, accounting for approximately 0.65% of the Company's total share capital as of the announcement date of this incentive plan draft, representing approximately 88.50% of the total equity granted in this round. The reserved portion is 690,000 shares, accounting for approximately 0.08% of the Company's total share capital as of the announcement date of this incentive plan draft, representing approximately 11.50% of the total equity granted in this round.
As of the announcement date of this incentive plan draft, the total number of shares involved in all equity incentive plans of the Company that are currently in effect does not exceed 20.00% of the Company's total share capital as of the announcement date of this incentive plan draft. For any single incentive recipient, the total number of Company shares granted through all equity incentive plans currently in effect does not exceed 1.00% of the Company's total share capital as of the announcement date of this incentive plan draft.
From the announcement date of this incentive plan draft until the completion of registration for the vesting of restricted shares granted to incentive recipients, if the Company undergoes events such as capital reserve to share capital conversion, stock dividends, stock splits, rights issues, or stock consolidation, the number of granted restricted shares shall be adjusted accordingly.