Stock Abbreviation: Huamin Shares
Stock Code: 300345
Hunan Huamin Holdings Group Co., Ltd.
2026 Restricted Stock Incentive Plan
(Draft)
July 2026
Special Notice
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This incentive plan is formulated in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for Equity Incentives of Listed Companies, the Shenzhen Stock Exchange GEM Stock Listing Rules, the Shenzhen Stock Exchange GEM Listed Company Self-Regulatory Guidelines No. 1—Business Handling, and other relevant laws, regulations, and normative documents, as well as the Articles of Association of Hunan Huamin Holdings Group Co., Ltd.
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The incentive instruments adopted in this incentive plan are restricted stocks (Type I restricted stocks and Type II restricted stocks). The source of the stocks is the company's定向 issuance of A-share common stocks to the incentive targets.
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The total number of equity interests to be granted under this incentive plan shall not exceed 17.68 million shares, representing 3.04% of the company's total share capital of 581.332576 million shares at the time of the announcement of the draft incentive plan. Of this, 14.15 million shares will be granted for the first time, accounting for 80.03% of the total equity interests to be granted and 2.43% of the total share capital. The reserved equity interests (Type I and/or Type II restricted stocks) total 3.53 million shares, accounting for 19.97% of the total equity interests to be granted and 0.61% of the total share capital. Details are as follows:
(1) The company intends to grant 7.875 million Type I restricted stocks to incentive targets, representing 1.35% of the total share capital. Of this, 6.30 million shares will be granted for the first time, representing 1.08% of the total share capital and 35.63% of the total equity interests to be granted. The reserved 1.575 million Type I restricted stocks represent 8.91% of the total equity interests to be granted and 0.27% of the total share capital.
(2) The company intends to grant 9.805 million Type II restricted stocks to incentive targets, representing 1.69% of the total share capital. Of this, 7.85 million shares will be granted for the first time, representing 1.35% of the total share capital and 44.40% of the total equity interests to be granted. The reserved 1.955 million Type II restricted stocks represent 11.06% of the total equity interests to be granted and 0.34% of the total share capital.
In July 2022, the company implemented the 2022 Stock Option and Restricted Stock Incentive Plan. As of the disclosure date of this incentive plan, 1.612144 million stock options remain unexercised. The total number of underlying shares involved in all of the company's equity incentive plans within their validity periods does not exceed 20% of the company's total share capital. The number of company shares granted to any single incentive target under all equity incentive plans within their validity periods does not exceed 1% of the company's total share capital.
If the company undergoes capital reserve conversion, stock dividend distribution, share subdivision or consolidation, or rights issues between the announcement date of this draft and the registration of Type I restricted stocks or the vesting of Type II restricted stocks, the grant/vesting quantity shall be adjusted accordingly in accordance with the relevant provisions of this plan.
- The grant price (including reserved) for the restricted stocks is 3.29 yuan per share. If the company undergoes capital reserve conversion, stock dividend distribution, share subdivision or consolidation, rights issues, or dividend payments between the announcement date of this draft and the registration of Type I restricted stocks or the vesting of Type II restricted stocks, the grant price shall be adjusted accordingly in accordance with the relevant provisions of this plan.