Securities Code: 300475 Securities Abbreviation: Xiangnong Xinchuang Announcement Number: 2026-037
Xiangnong Xinchuang Technology Co., Ltd. Announcement on the Achievement of Vesting Conditions for the Second Vesting Period of the First Tranche of the 2024 Restricted Stock Incentive Plan
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and there are no false records, misleading statements, or material omissions.
Special Reminders:
- The number of eligible grantees for this vesting is 25.
- The number of Class II restricted shares to be vested in the first tranche is 4,656,000 shares, accounting for 1.00% of the company's current share capital.
- The grant price for the Class II restricted shares in the first tranche: If the company's 2025 annual profit distribution plan is approved by the shareholders' meeting and completed before the company completes the vesting procedures for the second vesting period of the first tranche of the 2024 restricted stock incentive plan (hereinafter referred to as the "Incentive Plan" or the "Incentive Plan"), the grant price for the first tranche of restricted shares under the Incentive Plan will be RMB 15.958 per share. If the company's 2025 annual profit distribution plan is not approved by the shareholders' meeting or is approved by the shareholders' meeting but completed after the company completes the vesting procedures for the second vesting period of the first tranche of the Incentive Plan, the grant price for the first tranche of restricted shares under the Incentive Plan will be RMB 16.041 per share.
- Source of Class II restricted shares for vesting: The company will issue new ordinary shares of Company A to the grantees on a targeted basis.
Xiangnong Xinchuang Technology Co., Ltd. (hereinafter referred to as the "Company") held the 19th meeting of the Fifth Board of Directors on April 22, 2026, and deliberated and approved the "Proposal on the Achievement of Vesting Conditions for the Second Vesting Period of the First Tranche of the 2024 Restricted Stock Incentive Plan". The relevant matters are hereby announced as follows:
I. Summary of the Implementation of the Incentive Plan (I) Main Content of the Incentive Plan