Securities Code: 300508
Securities Abbreviation: Weihong Shares
Announcement No.: 2026-046
Shanghai Weihong Electronic Technology Co., Ltd.
Announcement on the Adjustment of the Grant Price of the 2023 Restricted Stock Incentive Plan
The Company and all members of the Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Shanghai Weihong Electronic Technology Co., Ltd. (hereinafter referred to as the "Company") held the 27th (Extraordinary) Meeting of the Fifth Board of Directors on August 10, 2026. The meeting deliberated and passed the "Proposal on Adjusting the Grant Price of the 2023 Restricted Stock Incentive Plan." In view of the completion of the company's 2025 annual equity distribution plan, in accordance with the "Shanghai Weihong Electronic Technology Co., Ltd. 2023 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan" or "this Incentive Plan") and the "Administrative Measures for Equity Incentives of Listed Companies" (hereinafter referred to as the "Administrative Measures") and other relevant regulations, the Board of Directors agreed to adjust the grant price of the restricted stocks under this Incentive Plan. The relevant matters are hereby explained as follows:
I. Relevant Approval Procedures Completed for this Incentive Plan
(I) On April 21, 2023, the Company held the 9th Meeting of the Fourth Board of Directors, which deliberated and passed the "Proposal on the 2023 Restricted Stock Incentive Plan (Draft) and its Summary," the "Proposal on the 2023 Restricted Stock Incentive Plan Performance Appraisal and Management Measures," and the "Proposal on Authorizing the Board of Directors to Handle Matters Related to the Company's Restricted Stock Incentive Plan." 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 Meeting of the Fourth Supervisory Board, which deliberated and passed the "Proposal on the 2023 Restricted Stock Incentive Plan (Draft) and its Summary" and the "Proposal on the 2023 Restricted Stock Incentive Plan Performance Appraisal and Management Measures."
(II) From April 25, 2023, to May 5, 2023, the Company publicly disclosed the list and positions of the incentive plan beneficiaries within the Company. During the公示 period, the Company's Supervisory Board did not receive any objections to the proposed incentive beneficiaries. On May 5, 2023, the Company disclosed the "Supervisory Board's Verification Opinion and Public Announcement on the List of Beneficiaries of the Company's 2023 Restricted Stock Incentive Plan."