Securities Code: 300420
Securities Abbreviation: Wuyang Zikong
Announcement Number: 2026-039
Jiangsu Wuyang Zikong Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
On June 3, 2026, the Company held the 18th meeting of the 5th Board of Directors, which reviewed and approved the proposal on adjustments to the 2026 Stock Option Incentive Plan. According to the Company's "2026 Stock Option Incentive Plan (Draft)" (hereinafter referred to as "the Incentive Plan") and the authorization from the Company's third extraordinary general meeting of shareholders in 2026, the Board of Directors adjusted the list of incentive recipients and the number of options granted. The specific circumstances are announced as follows:
I. Decision-Making Procedures and Information Disclosure
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On May 18, 2026, the Company held the 17th meeting of the 5th Board of Directors, which reviewed and approved the proposals regarding the "2026 Stock Option Incentive Plan (Draft)" and its summary, the "Implementation Assessment Management Measures for the 2026 Stock Option Incentive Plan," and the proposal to authorize the Board of Directors to handle matters related to the 2026 Stock Option Incentive Plan. The Compensation and Assessment Committee of the Board provided relevant verification opinions.
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From May 19 to May 28, 2026, the Company publicly announced the names and positions of the proposed initial incentive recipients within the Company. During the announcement period, the Compensation and Assessment Committee did not receive any objections regarding the proposed list of initial incentive recipients. On May 28, 2026, the Company disclosed the "Explanation and Verification Opinions on the Public Announcement of the Initial Incentive Recipients of the 2026 Stock Option Incentive Plan by the Compensation and Assessment Committee of the Board."
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On June 3, 2026, the Company held the third extraordinary general meeting of shareholders in 2026, which reviewed and approved the proposals regarding the "2026 Stock Option Incentive Plan (Draft)" and its summary, the "Implementation Assessment Management Measures for the 2026 Stock Option Incentive Plan," and the proposal to authorize the Board of Directors to handle matters related to the 2026 Stock Option Incentive Plan. On the same day, the Company disclosed the "Self-Inspection Report on the Trading of Company Stocks by Insiders of the 2026 Stock Option Incentive Plan."
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On June 3, 2026, the Company held the 18th meeting of the 5th Board of Directors, which reviewed and approved the proposal on adjustments to the 2026 Stock Option Incentive Plan and the proposal on the initial grant of stock options to the incentive recipients. The Compensation and Assessment Committee verified the list of incentive recipients and the arrangements for the grants and adjustments.