Announcement on Granting Restricted Shares to 2026 Incentive Recipients
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 significant omissions.
Key Information Summary:
- Restricted stock grant date: June 22, 2026
- Number of restricted shares to be granted: 5.999 million shares
- Grant price of restricted shares: 93.42 RMB/share
- Number of restricted share grantees: 715 people
- Equity incentive method: Second-class restricted shares
Wuhan Jingce Electronic Group Co., Ltd. (hereinafter referred to as the "Company" or "this Company") held the fifteenth meeting of the Fifth Board of Directors on June 22, 2026, and deliberated and approved the "Proposal on Adjusting the List of Incentive Recipients, Grant Quantity, and Grant Price for the 2026 Restricted Stock Incentive Plan" and the "Proposal on Granting Restricted Shares to Incentive Recipients of the 2026 Restricted Stock Incentive Plan." In accordance with the "Administrative Measures for Equity Incentives of Listed Companies" (hereinafter referred to as the "Measures") and the "Wuhan Jingce Electronic Group Co., Ltd. 2026 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan (Draft)"), and authorized by the Company's First Extraordinary General Meeting of Shareholders in 2026, the Board of Directors believes that the vesting conditions stipulated in the Company's 2026 Restricted Stock Incentive Plan have been met. The grant date is determined to be June 22, 2026, and 5.999 million restricted shares will be granted to 715 incentive recipients at a price of 93.42 RMB/share. The relevant matters are hereby announced as follows:
I. Brief Overview of the Equity Incentive Plan and Deliberation Procedures Completed
Brief Overview of the Current Equity Incentive Plan
(I) Incentive Instrument: Second-class restricted shares. (II) Source of Shares: The Company will issue A-share ordinary shares to incentive recipients on a targeted basis.
(III) Grant Quantity: The number of restricted shares to be granted under this incentive plan is 5.999 million shares (adjusted), accounting for approximately 2.1444% of the Company's total share capital of 279,746,002 shares at the time of the announcement of the incentive plan draft. This incentive plan is a one-time grant, with no reserved equity.
(IV) Grant Price: The grant price of restricted shares under this incentive plan is 93.42 RMB/share (adjusted).
(V) Incentive Recipients: The total number of incentive recipients under this incentive plan shall not exceed 715 people (adjusted), including the Company's directors, senior management personnel, core management personnel, core technical (business) personnel, and other personnel whom the Board of Directors deems necessary to incentivize (including foreign employees). It does not include independent directors, shareholders who individually or collectively hold more than 5% of the Company's shares or the actual controller and their spouses, parents, or children.
(VI) Vesting Arrangement: Restricted shares granted under this incentive plan will be vested in installments according to the agreed proportion after the incentive recipients meet the corresponding vesting conditions. The vesting date must be a trading day, but vesting shall not occur during the following periods:
- Within fifteen days prior to the announcement of the Company's annual report and semi-annual report. If the announcement date is postponed for special reasons, the period shall be calculated from fifteen days before the originally scheduled announcement date.
- Within five days prior to the announcement of the Company's quarterly report, performance forecast, or performance brief.
- From the date of occurrence or the date of entering the decision-making process of any major event that may significantly affect the trading price of the Company's stock and its derivatives, until the date of legal disclosure.
- Other periods stipulated by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.