Securities Code: 300560
Securities Abbreviation: Zhongfutong
Announcement No.: 2026-068
Zhongfutong Group Co., Ltd.
Announcement on the First Grant of Restricted Shares to Incentive Recipients
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false records, misleading statements, or major omissions.
Key Information Highlights:
● First Grant Date of Restricted Shares: August 7, 2026
● First Grant Quantity of Restricted Shares: 7.7528 million shares
● Equity Incentive Method: Class II Restricted Shares
● Source of Shares: Ordinary A shares of Zhongfutong Group Co., Ltd. (hereinafter referred to as the "Company" or "Zhongfutong") issued to incentive recipients
● First Grant Price of Restricted Shares: RMB 17.99 per share
● Number of Incentive Recipients for the First Grant of Restricted Shares: 114 people
The Company's "2026 Restricted Share Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan" or "Draft Incentive Plan") has met the conditions for the first grant. Pursuant to the authorization from the 2025 Shareholders' Meeting, on August 7, 2026, the Company held the Fifth Meeting of the Fifth Session of the Remuneration and Assessment Committee and the Twenty-second Meeting of the Fifth Session of the Board of Directors. The proposal "Proposal on the First Grant of Restricted Shares to Incentive Recipients under the 2026 Restricted Share Incentive Plan" was deliberated and approved. It was agreed that the first grant date for the 2026 Restricted Share Incentive Plan (hereinafter referred to as the "Incentive Plan" or "This Incentive Plan") would be August 7, 2026. A total of 7.7528 million restricted shares will be granted to 114 incentive recipients who meet the grant conditions, at a grant price of RMB 17.99 per share. The relevant matters are hereby explained as follows:
I. Brief Overview of This Incentive Plan and Related Approval Procedures Completed
(I) Brief Overview of This Incentive Plan
On June 26, 2026, the Company held its 2025 Shareholders' Meeting and deliberated and approved the "Proposal on the Company's '2026 Restricted Share Incentive Plan (Draft)' and its Summary" and other related proposals. The Incentive Plan's
main contents are as follows:
-
Type of Underlying Shares: Class II Restricted Shares.
-
Source of Underlying Shares: Ordinary RMB A-shares of the Company issued to incentive recipients.
-
First Grant and Reserve Grant Price: RMB 17.99 per share.
-
Grant Quantity: The number of restricted shares to be granted to incentive recipients under this Incentive Plan is 9.20 million shares, accounting for approximately 4.00% of the Company's total share capital of 22,974.3622 million shares as of the disclosure date of the draft incentive plan. Among them, the first grant of restricted shares is 7.82 million shares, accounting for approximately 3.40% of the Company's total share capital of 22,974.3622 million shares as of the disclosure date of the draft incentive plan, and 85.00% of the total restricted shares to be granted under this Incentive Plan. The reserve grant is 1.38 million shares, accounting for approximately 0.60% of the Company's total share capital of 22,974.3622 million shares as of the disclosure date of the draft incentive plan, and 15.00% of the total restricted shares to be granted under this Incentive Plan.
-
Incentive Recipients: The incentive recipients of this Incentive Plan are directors, senior management personnel, core management personnel, and key employees of the Company (including its holding subsidiaries, hereinafter referred to as the same), excluding independent directors of the Company and shareholders who individually or collectively hold more than 5% of the shares or the actual controller and their spouses, parents, and children.
-
Validity Period and Vesting Arrangements of This Incentive Plan:
(1) Validity Period of This Incentive Plan
The validity period of this Incentive Plan shall be from the first grant date of the restricted shares to the date when all restricted shares granted to the incentive recipients are vested or become void due to expiration, whichever is longer, not exceeding 48 months.
(2) Vesting Arrangements of This Incentive Plan
The vesting arrangements for the restricted shares granted for the first time under this Incentive Plan are as follows: