Stock Code: 300508
Stock Abbreviation: Weihong Shares
Announcement No.: 2026-051
Shanghai Weihong Electronic Technology Co., Ltd.
Announcement on the Cancellation of Partially Granted and Unvested Restricted Shares under the 2023 Restricted Share Incentive Plan
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false statements, misleading representations, or material omissions.
Shanghai Weihong Electronic Technology Co., Ltd. (hereinafter referred to as the "Company") held its 27th (Extraordinary) Board of Directors meeting of the Fifth Board on August 10, 2026, and deliberated and approved the "Proposal on Cancelling Partially Granted and Unvested Restricted Shares under the 2023 Restricted Share Incentive Plan." Due to some incentive recipients resigning and no longer meeting the eligibility criteria, in accordance with the "Shanghai Weihong Electronic Technology Co., Ltd. 2023 Restricted Share Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan" or "this Incentive Plan") and the "Administrative Measures for Equity Incentive Plans of Listed Companies" (hereinafter referred to as the "Administrative Measures"), the Board of Directors agreed to cancel a portion of the granted but unvested restricted shares under this Incentive Plan. The relevant matters are hereby explained as follows:
I. Relevant Approval Procedures for this Incentive Plan
(1) On April 21, 2023, the Company held the 9th Board of Directors meeting of the Fourth Board, which deliberated and approved the "Proposal on the 2023 Restricted Share Incentive Plan (Draft) and its Summary," the "Proposal on the Implementation and Assessment Management Measures for the 2023 Restricted Share Incentive Plan," and the "Proposal on Authorizing the Board of Directors to Handle Matters Related to the Company's Restricted Share Incentive Plan by the Shareholders' Meeting." The independent directors of the Company issued independent opinions on the relevant proposals of this Incentive Plan.
On the same day, the Company held the 9th Supervisory Board meeting of the Fourth Supervisory Board, which deliberated and approved the "Proposal on the 2023 Restricted Share Incentive Plan (Draft) and its Summary" and the "Proposal on the Implementation and Assessment Management Measures for the 2023 Restricted Share Incentive Plan."
(2) From April 25, 2023, to May 5, 2023, the Company publicly disclosed the list and positions of the incentive recipients under this Incentive Plan internally. During the公示 period, the Company's Supervisory Board did not receive any objections regarding the proposed incentive recipients for this batch. On May 5, 2023, the Company disclosed the "Supervisory Board's Opinion on the Verification of the List of Incentive Recipients for the Company's 2023 Restricted Share Incentive Plan and the Public Disclosure Situation."