Zhuhai Allwinner Technology Co., Ltd. Announcement on the Results of the Third Vesting Period for the First Grant of Class II Restricted Stock under the 2023 Incentive Plan
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or major omissions.
Important Content Reminder:
- Vesting Date: June 4, 2026
- Number of Shares Vesting: 3,124,491 shares
- Number of Individuals Vesting: 216 persons
- Source of Shares: Common A shares issued to incentive objects or repurchased from the secondary market.
I. Overview of the Implementation of the Equity Incentive Plan
(1) Brief Description of the Equity Incentive Plan
On February 6, 2023, the company held its first extraordinary general meeting of shareholders in 2023, where it reviewed and approved the proposal on the "2023 Restricted Stock Incentive Plan (Draft)" and its summary. The main contents are as follows:
- The source of the stock for this incentive plan is common A shares issued to incentive objects or repurchased from the secondary market.
- The incentive tool used in this plan is restricted stock (Class I and Class II restricted stock).
- The initial grant of restricted stock will not exceed 278 persons, including technical or business backbones employed at the time of the announcement (excluding independent directors and supervisors).
- The total number of rights to be granted under this incentive plan is 7 million shares (including Class I and Class II restricted stock), accounting for approximately 1.11% of the total share capital of 630,016,700 shares at the time of the announcement of the draft plan.
(1) Class I Restricted Stock
The company plans to grant 710,000 shares of Class I restricted stock to 14 incentive objects, accounting for 0.11% of the total share capital of 630,016,700 shares at the time of the announcement of the draft plan, and 10.14% of the total rights to be granted. The distribution of the proposed Class I restricted stock among the incentive objects is shown in the table below:
| Position | Number of Restricted Shares Granted (10,000 shares) | Proportion of Total Grants | Proportion of Current Total Capital |
|---|---|---|---|
| Technical or Business Backbone (14 persons) | 71.00 | 10.14% | 0.11% |
| Total (14 persons) | 71.00 | 10.14% | 0.11% |
*Note: The total data above may differ slightly from the sum of individual figures due to rounding.
(2) Class II Restricted Stock
The company plans to grant 6,290,000 shares of Class II restricted stock to no more than 264 incentive objects, accounting for 1.00% of the total share capital of 630,016,700 shares at the time of the announcement of the draft plan. Among these, 5,957,000 shares will be granted initially, accounting for 0.95% of the total share capital and 85.10% of the total rights to be granted; 333,000 shares will be reserved, accounting for 0.05% of the total share capital and 4.76% of the total rights to be granted. The distribution of the proposed Class II restricted stock among the incentive objects is shown in the table below:
| Position | Number of Restricted Shares Granted (10,000 shares) | Proportion of Total Grants | Proportion of Current Total Capital |
|---|---|---|---|
| Technical or Business Backbone (264 persons) | 5,957.00 | 85.10% | 0.95% |
| Reserved | 333.00 | 4.76% | 0.05% |
| Total | 6,290.00 | 89.86% | 1.00% |
- The grant price for Class I restricted stock is 10.66 yuan/share, and the grant price for Class II restricted stock (initial/reserved) is 17.06 yuan/share.