Shenzhen Stock Exchange Code: 300483
Stock Abbreviation: Shouhua Gas
Announcement Number: 2026-064
Shouhua Gas Technology (Shanghai) Co., Ltd. announces the results of the second vesting period of the 2024 Restricted Stock Incentive Plan and the stock listing (directed issuance). The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Important Content Reminder:
- Vesting date for the second vesting period of the initial grant: May 28, 2026.
- Number of shares vested in the second vesting period: 2,623,460 shares.
- Number of participants in the second vesting period: 50 individuals.
- There is no lock-up period for the vested restricted stock.
Shouhua Gas Technology (Shanghai) Co., Ltd. (hereinafter referred to as "the Company") has fulfilled the vesting conditions stipulated in the "2024 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as "the Incentive Plan"). Based on the authorization from the Company's first extraordinary general meeting of shareholders in 2024, the Company held the 19th meeting of the sixth board of directors on April 23, 2026, to review and approve the proposal regarding the fulfillment of the vesting conditions for the second vesting period of the initial grant of the 2024 Restricted Stock Incentive Plan. Recently, the Company has completed the registration of the shares for the second vesting period of the initial grant of this Incentive Plan, and the relevant matters are announced as follows:
I. Overview of the Implementation of the Incentive Plan
(1) Introduction to the Equity Incentive Plan
The Company held the 30th meeting of the fifth board of directors on April 1, 2024, and the first extraordinary general meeting of shareholders in 2024 on April 17, 2024, to review and approve the proposals regarding the "2024 Restricted Stock Incentive Plan (Draft)" and its summary. The main contents of the Incentive Plan are as follows:
- Stock incentive method: Class II restricted stock.
- Source of stock: Repurchased and/or directed issuance of A-share common stock from the secondary market.
- Number of grants: The actual initial grant under this Incentive Plan is 11,248,000 shares, with 610,000 shares reserved for future grants.
- Grant price: The grant price for the initial and reserved restricted stock is 4.69 yuan/share.
- Incentive targets: The initial grant targets do not exceed 80 individuals, including core positions, business/technical backbones, and key employees of the Company (including subsidiaries), excluding independent directors and supervisors; the reserved grant targets include 8 individuals.
- Vesting arrangements: The restricted stock can vest according to the arrangements in this Incentive Plan after meeting the corresponding vesting conditions, in compliance with the relevant regulations of the China Securities Regulatory Commission and the stock exchange. The vesting date must be a trading day and cannot fall within the following periods (if relevant regulations change, the new regulations will automatically apply):
- Within 15 days prior to the announcement of the Company's annual report or semi-annual report, or if the announcement date is postponed for special reasons, from 15 days before the originally scheduled announcement date;
- Within 5 days prior to the announcement of the Company's quarterly report, performance forecast, or performance brief;
- From the occurrence of significant events that may have a substantial impact on the trading price of the Company's securities and their derivatives until the date of legal disclosure;
- Other periods specified by the China Securities Regulatory Commission and the stock exchange.
The vesting arrangements for the initial grant of restricted stock are as follows: