Stock Abbreviation: Quanyuan Transmission
Stock Code: 300447
Nanjing Quanyuan Transmission Technology Co., Ltd.
2026 Restricted Stock Incentive Plan
(Draft)
July 2026
Statement
The Company and all directors guarantee that the draft of this incentive plan and its summary do not contain any false records, misleading statements, or major omissions, and assume individual and joint legal liability for their authenticity, accuracy, and completeness.
All incentive recipients of the Company undertake: If the Company's information disclosure documents contain false records, misleading statements, or major omissions, resulting in non-compliance with the conditions for granting or vesting of equity, the incentive recipients shall return all benefits obtained from this incentive plan to the Company after the relevant information disclosure documents are confirmed to contain false records, misleading statements, or major omissions.
Special Notice
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Nanjing Quanyuan Transmission Technology Co., Ltd. (hereinafter referred to as "Quanyuan Transmission," "the Company," or "Company") has formulated the "2026 Restricted Stock Incentive Plan (Draft)" 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," "Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange," "Guidelines No. 1 for Self-Regulation of Listed Companies on the ChiNext Market — Business Handling," and other relevant laws, regulations, and normative documents, as well as the "Articles of Association of Nanjing Quanyuan Transmission Technology Co., Ltd."
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The incentive tool adopted in this restricted stock incentive plan is restricted stock (Type II restricted stock). The source of the shares is the Company's A-share common shares issued to the incentive recipients.
Incentive recipients who meet the grant conditions of this incentive plan will, upon satisfying the corresponding vesting conditions, obtain the Company's newly issued A-share common shares in batches at the grant price. These shares will be registered with China Securities Depository and Clearing Corporation. Before vesting, the restricted shares granted to the incentive recipients do not carry shareholder rights, and such restricted shares may not be transferred, used for guarantees, or used to repay debts.
- The total amount of Type II restricted shares proposed to be granted to incentive recipients under this plan is 6.38 million shares, accounting for approximately 2.04% of the Company's total share capital of 312.3104 million shares at the time of the announcement of this plan. Among them, 5.88 million shares are granted for the first time, accounting for 92.16% of the total equity proposed to be granted under this plan and 1.88% of the Company's total share capital of 312.3104 million shares at the time of the announcement of this plan; 0.5 million shares are reserved, accounting for 7.84% of the total equity proposed to be granted under this plan and 0.16% of the Company's total share capital of 312.3104 million shares at the time of the announcement of this plan. The total number of underlying shares involved in all of the Company's equity incentive plans within the validity period does not exceed 20.00% of the Company's total share capital. The number of shares of the Company granted to any single incentive recipient through all equity incentive plans within the validity period does not exceed 1.00% of the Company's total share capital.
The reserved portion will have its grant recipients determined within 12 months after this plan is approved by the shareholders' meeting. The grant of the reserved portion shall be proposed by the Board of Directors, with the Board's Remuneration and Appraisal Committee expressing a clear opinion, and lawyers expressing professional opinions and issuing legal opinions. After the Company makes full information disclosure on the designated website regarding details including incentive shares, positions of incentive recipients, and grant prices, the grant shall be made in accordance with the provisions of this plan. If the incentive recipients are not determined within 12 months, the reserved restricted shares shall lapse.