Securities Code: 300492
Securities Abbreviation: Huatu Shan Ding
Announcement No.: 2026-035
Huatu Shan Ding Design Co., Ltd.
Announcement on Termination of the 2025 Restricted Stock Incentive Plan and Cancellation of Class II Restricted Shares
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false representations, misleading statements, or material omissions.
Huatu Shan Ding Design Co., Ltd. (hereinafter referred to as the "Company") held its twelfth meeting of the fifth Board of Directors on June 12, 2026, and reviewed and approved the "Proposal on Terminating the 2025 Restricted Stock Incentive Plan and Cancelling Class II Restricted Shares." The Board of Directors agreed, in accordance with the relevant provisions of the Company's 2025 Restricted Stock Incentive Plan (hereinafter referred to as the "Incentive Plan (Draft)" or "this Incentive Plan"), to terminate this Incentive Plan and cancel the granted but unvested Class II restricted shares. The relevant matters are hereby explained as follows:
I. Relevant Approval Procedures for the Implementation of this Incentive Plan
- On April 27, 2025, the third meeting of the fifth Board of Directors of the Company reviewed and approved the "Proposal on the Company's <2025 Restricted Stock Incentive Plan (Draft)> and its Summary," the "Proposal on the Company's <2025 Restricted Stock Incentive Plan Implementation and Performance Management Measures>," and the "Proposal on Authorizing the Board of Directors to Handle Equity Incentive Related Matters by the Shareholders' Meeting."
On the same day, the third meeting of the fifth Supervisory Board of the Company reviewed and approved the "Proposal on the Company's <2025 Restricted Stock Incentive Plan (Draft)> and its Summary," the "Proposal on the Company's <2025 Restricted Stock Incentive Plan Implementation and Performance Management Measures>," and the "Proposal on Reviewing the Company's <List of Incentive Recipients for the 2025 Restricted Stock Incentive Plan>."
- From May 6, 2025, to May 15, 2025, the Company posted a notice on the bulletin board listing the names and positions of the proposed initial incentive recipients. By the end of the公示 period on May 15, 2025, the Company's Supervisory Board had not received any objections from employees regarding the proposed incentive recipients. On May 21, 2025, the Company disclosed the "Supervisory Board's Statement and Review Opinion on the Public Notice of the List of Initial Incentive Recipients for the Company's 2025 Restricted Stock Incentive Plan."