Stock Code: 300447 Stock Abbreviation: Quanxin Shares Announcement No.: 2026-055
Nanjing Quanxin Telecommunication Technology Co., Ltd.
Announcement on the Initial Grant of Restricted Shares to Participants of the 2026 Restricted Share Incentive Plan
Important Content Tips:
-
Initial grant date of restricted shares: August 14, 2026
-
Initial grant quantity of restricted shares: 5.88 million shares
-
Initial grant price of restricted shares: 7.57 yuan/share
-
Number of participants for the initial grant: 74
-
Equity incentive method: Type II restricted shares
Nanjing Quanxin Telecommunication Technology Co., Ltd. (hereinafter referred to as the "Company") has met the conditions for granting restricted shares as stipulated in the "2026 Restricted Share Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan (Draft)" or "this Incentive Plan"). In accordance with the authorization of the Company's 2026 Third Extraordinary General Meeting of Shareholders, the Company held the 13th meeting of the 7th Board of Directors on August 14, 2026, and deliberated and approved the "Proposal on the Initial Grant of Restricted Shares to Participants of the 2026 Restricted Share Incentive Plan." It was agreed to set August 14, 2026, as the initial grant date and to grant 5.88 million Type II restricted shares to 74 eligible participants at a price of 7.57 yuan/share. The relevant matters are explained as follows:
I. Brief Description of the Equity Incentive Plan and Relevant Approval Procedures Already Performed
(I) Brief Description of the Restricted Share Incentive Plan
On July 27, 2026, the Company held the 2026 Third Extraordinary General Meeting of Shareholders, which deliberated and approved the "Proposal on the Company's <2026 Restricted Share Incentive Plan (Draft)> and its Summary" and other related proposals. The main contents of the Company's 2026 Restricted Share Incentive Plan are as follows:
-
Type of underlying shares: Type II restricted shares.
-
Source of underlying shares: A-share common shares of the Company issued by the Company to the participants.
-
Participants: The participants of this Incentive Plan are directors, senior management, core management personnel, and core technical (business) backbone personnel, excluding independent directors, and excluding shareholders or actual controllers who individually or collectively hold more than 5% of the Company's shares, as well as their spouses, parents, and children. The specific distribution is as follows:
| Name | Position | Number of restricted shares granted (10,000 shares) | Proportion of total equity proposed to be granted | Proportion of total share capital on the announcement date |
|---|---|---|---|---|
| Wang Zhigang | Director | 12 | 1.88% | 0.04% |
| Xu Jin | Employee Director | 12 | 1.88% | 0.04% |
| Liu Fuchen | Financial Controller | 10 | 1.57% | 0.03% |
| Core management and core technical (business) backbone (71 people) | - | 554 | 86.83% | 1.77% |
| Total initial grant of restricted shares | - | 588 | 92.16% | 1.88% |
| Reserved portion | - | 50 | 7.84% | 0.16% |
| Total | - | 638 | 100.00% | 2.04% |
Note: Any discrepancy between the sum of the above data and the sum of the individual items is due to rounding, with two decimal places retained.
-
Grant price: 7.57 yuan/share.
-
Validity period and vesting arrangements of the Incentive Plan:
(1) Validity period of this Incentive Plan
The validity period of this Incentive Plan starts from the initial grant date of the restricted shares until the date when all restricted shares granted to the participants are vested or invalidated, with a maximum period not exceeding 72 months.