300400SZSE

Independent Financial Advisor Report on the Adjustment of the 2022 Restricted Stock Incentive Plan and the Cancellation of Certain Restricted Stocks of Shenzhen Jintuo Automation Equipment Co., Ltd.

Shenzhen JT Automation Equipment Co., Ltd.··11 pages

✨ AI Summary

This report outlines the adjustments made to the 2022 restricted stock incentive plan of Shenzhen Jintuo Automation Equipment Co., Ltd., including the cancellation of 40.8054 million shares due to unmet performance targets. The adjustments were approved by the board and are in compliance with relevant regulations. The remaining incentive plan now includes 75 participants with 136.2708 million shares still unvested.

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Full Translation

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Definitions

In this report, unless the context indicates otherwise, the following terms have the meanings set forth below:

  • Jintuo Co., Ltd., Company refers to Shenzhen Jintuo Automation Equipment Co., Ltd. (stock abbreviation: Jintuo Co., Ltd.; stock code: 300400)
  • This incentive plan, the plan refers to the 2022 restricted stock incentive plan equity incentive plan (draft) of Shenzhen Jintuo Automation Equipment Co., Ltd.
  • Independent financial advisor report, this report refers to the "Independent Financial Advisor Report on the Adjustment of the 2022 Restricted Stock Incentive Plan and the Cancellation of Certain Restricted Stocks of Shenzhen Jintuo Automation Equipment Co., Ltd."
  • Restricted stock, second category restricted stock refers to the A-shares issued by the company to the incentive objects according to the vesting arrangements of this incentive plan after meeting the benefit conditions.
  • Incentive objects refers to the personnel participating in this incentive plan.
  • Grant date refers to the date on which the company grants the second category restricted stock to the incentive objects, which must be a trading day.
  • Grant price refers to the price per share of the second category restricted stock granted to the incentive objects.
  • Vesting refers to the act of the company registering the second category restricted stock granted to the incentive objects in the personal securities accounts of the incentive objects after meeting the benefit conditions.
  • Vesting conditions refer to the benefit conditions that must be met for the company to register the second category restricted stock granted to the incentive objects.
  • Vesting date refers to the date on which the second category restricted stock granted to the incentive objects is registered after meeting the benefit conditions, which must be a trading day.
  • Company Law refers to the Company Law of the People's Republic of China.
  • Securities Law refers to the Securities Law of the People's Republic of China.
  • Management Measures refers to the Management Measures for Equity Incentives of Listed Companies.
  • Articles of Association refers to the Articles of Association of Shenzhen Jintuo Automation Equipment Co., Ltd.
  • Listing Rules refers to the Listing Rules for Stocks on the Shenzhen Stock Exchange's Growth Enterprise Market.
  • Business Handling Guidelines refers to the Self-Regulatory Guidelines for Growth Enterprise Market Listed Companies No. 1—Business Handling.
  • CSRC refers to the China Securities Regulatory Commission.
  • SZSE refers to the Shenzhen Stock Exchange.
  • Registration and Clearing Company refers to the China Securities Depository and Clearing Corporation Limited Shenzhen Branch.
  • This independent financial advisor, Tashan Consulting refers to Shenzhen Tashan Enterprise Management Consulting Co., Ltd.
  • Yuan, ten thousand refers to Renminbi Yuan, Renminbi ten thousand.

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