Important Content Reminder:
- Number of shares to be vested for the second type of restricted stock: 482,000 shares, accounting for 0.31% of the company's total share capital.
- Number of individuals to be vested: 35 persons.
- Grant price of the second type of restricted stock: 9.80 yuan/share.
- Source of shares: Company’s A-share common stock issued to incentive objects or repurchased from the secondary market.
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 vesting conditions for the first vesting period of the second type of restricted stock under the 2025 incentive plan. According to the provisions of 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 "Company's 2025 Restricted Stock Incentive Plan (Draft)" and other related proposals. The main contents of this incentive plan are as follows:
- Source of the second type of restricted stock: Company’s A-share common stock issued to incentive objects or repurchased from the secondary market.
- Grant price of the second type of restricted stock: 9.80 yuan/share. The Company and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
3. Distribution of the Second Type of Restricted Stock
The distribution of the second type of restricted stock granted under this incentive plan among the incentive objects is shown in the following table:
| Name | Position | Nationality | Number of Shares Granted (10,000 shares) | Proportion of Total Granted Rights | Proportion of Total Share Capital on Announcement Date |
|---|---|---|---|---|---|
| Takeuchi Kenji | Core Business Personnel | Japan | 5.00 | 1.61% | 0.03% |
| Middle-level Management, Core Key Employees (Total 35 persons) | - | - | 118.50 | 38.10% | 0.76% |
| Total | - | - | 123.50 | 39.71% | 0.79% |
| Reserved Portion | - | - | 56.00 | 18.01% | 0.36% |
| Grand Total | - | - | 179.50 | 57.72% | 1.15% |
Note:
- None of the above incentive objects have been granted shares exceeding 1% of the Company's total share capital through all effective equity incentive plans.
- The incentive objects do not include independent directors, supervisors, shareholders holding 5% or more of the listed company’s shares individually or collectively, nor do they include actual controllers and their spouses, parents, and children.