Important Content Reminder:
- Number of shares to be unlocked for the first type of restricted stock: 526,000 shares, accounting for 0.33% of the company's total share capital.
- Number of individuals eligible for unlocking: 21 persons.
- Grant price of the first type of restricted stock: 9.80 yuan/share.
- The lifting of restrictions on these restricted stocks is subject to the completion of relevant procedures, and the company will make further announcements.
Zhejiang Tianzhong Precision Machinery Co., Ltd. (hereinafter referred to as "the Company" or "Tianzhong Precision") held the 18th meeting of the 5th Board of Directors on May 29, 2026, and approved the proposal regarding the achievement of unlocking conditions for the first unlocking period of the first type of restricted stock incentive plan for 2025 (the "unlocking period" refers to the period for lifting restrictions on the first type of restricted stock, hereinafter referred to as the "unlocking period"). According to the Company's "2025 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan" or "this Incentive Plan") and the authorization from the 2024 Annual General Meeting of Shareholders, the relevant matters are explained as follows:
1. Overview of the 2025 Restricted Stock Incentive Plan
On May 15, 2025, the Company held the 2024 Annual General Meeting of Shareholders, which approved the proposal regarding the "2025 Restricted Stock Incentive Plan (Draft)" and its summary. The main contents of this incentive plan are as follows:
- Source of the first type of restricted stock: The Company issues A-share common stock to incentive objects or repurchases from the secondary market.
- Grant price of the first type of restricted stock: 9.80 yuan/share.
- Distribution of the first type of restricted stock among incentive objects is as follows:
| Position | Number of Shares Granted (10,000 shares) | Percentage of Total Rights Granted | Percentage of Total Share Capital on Announcement Date |
|---|---|---|---|
| Middle Management and Key Employees (21 persons) | 131.50 | 42.28% | 0.84% |
| Total | 131.50 | 42.28% | 0.84% |
Note:
- None of the incentive objects have been granted shares exceeding 1% of the Company's total share capital through all effective equity incentive plans.
- This plan does not include independent directors, supervisors, shareholders holding more than 5% of the listed company’s shares, or actual controllers and their spouses, parents, and children.