Securities Code: 300503 Securities Abbreviation: Haoshi Electric Announcement No.: 2026-050
Guangzhou Haoshi Electric Motor Co., Ltd.
Announcement on Adjusting the Grant Price of the 2024 Restricted Stock Incentive Plan
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 records, misleading statements, or major omissions.
Guangzhou Haoshi Electric Motor Co., Ltd. (hereinafter referred to as the "Company") held the 24th meeting of the Fifth Board of Directors on August 10, 2026, and deliberated and passed the "Proposal on Adjusting the Grant Price of the 2024 Restricted Stock Incentive Plan". Given that the Company's 2025 annual equity distribution has been completed, the Board of Directors agreed, in accordance with the relevant provisions of the "Guangzhou Haoshi Electric Motor Co., Ltd. 2024 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan (Draft)"), to adjust the grant price of the Company's restricted stock (initial grant and reserved) from 6.45 RMB/share to 6.35 RMB/share. The relevant matters are hereby announced as follows:
I. Relevant Deliberation Procedures for the Incentive Plan
(I) On June 28, 2024, the Company held the 9th meeting of the Fifth Board of Directors and the 9th meeting of the Fifth Supervisory Board, which deliberated and approved the "Proposal on the 2024 Restricted Stock Incentive Plan (Draft) and its Summary" and other proposals. The incentive plan proposed to grant 8.262 million shares of Class II restricted stock for the initial grant to 102 incentive recipients and reserve 0.918 million shares of restricted stock. The grant price (including the reserved portion) was 6.50 RMB/share. For details, please refer to the announcement published by the Company on the CNINFO website (http://www.cninfo.com.cn/) on July 2, 2024.
(II) From July 3, 2024, to July 15, 2024, the Company publicly disclosed the names and positions of the initial grant recipients within the Company. During the disclosure period, the Supervisory Board did not receive any objections regarding the initial grant recipients of this incentive plan. For details, please refer to the announcement published by the Company on the CNINFO website (http://www.cninfo.com.cn/) on July 17, 2024.
(III) On July 23, 2024, the Company held the first extraordinary general meeting of shareholders in 2024, which deliberated and approved the "Proposal on the 2024 Restricted Stock Incentive Plan (Draft) and its Summary" and other proposals. For details, please refer to the announcement published by the Company on the CNINFO website (http://www.cninfo.com.cn/) on July 24, 2024.
(IV) On August 1, 2024, the Company held the 11th meeting of the Fifth Board of Directors and the 11th meeting of the Fifth Supervisory Board, which deliberated and approved the "Proposal on Adjusting Relevant Matters of the 2024 Restricted Stock Incentive Plan" and the "Proposal on the Initial Grant of Restricted Stock to Incentive Recipients of the 2024 Restricted Stock Incentive Plan". The Board of Directors adjusted the list of initial grant recipients and the number of restricted shares to be granted for the 2024 restricted stock incentive plan. After the adjustment, the number of initial grant recipients was adjusted from 102 to 101, and the number of Class II restricted shares for the initial grant was adjusted from 8.262 million shares to 8.1838 million shares. On the same day, the Board of Directors deemed that the grant conditions had been met and determined August 1, 2024, as the initial grant date. The grant price (including the reserved portion) was 6.50 RMB/share, and 8.1838 million shares of Class II restricted stock were granted to 101 eligible incentive recipients. For details, please refer to the announcement published by the Company on the CNINFO website (http://www.cninfo.com.cn/) on August 3, 2024.