Securities Code: 300575 Securities Abbreviation: Zhongqi Shares Announcement Number: 2026-030 Jiangsu Zhongqi Technology Co., Ltd. Announcement on the Achievement of Conditions for the First Tranche of Restricted Stock Incentives for 2025 The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Special Reminders:
- A total of 315 incentive recipients meet the conditions for lifting the sales restrictions this time, with 3,587,250 restricted shares eligible for release, accounting for approximately 0.75% of the company's total share capital.
- After the restricted shares complete the release procedures, the company will issue a relevant reminder announcement before they are listed and circulated. Investors are kindly requested to pay attention.
Jiangsu Zhongqi Technology Co., Ltd. (hereinafter referred to as the "Company") held the 20th meeting of the Fourth Board of Directors and the 8th meeting of the Fourth Board of Directors' Remuneration and Assessment Committee on June 18, 2026, and deliberated and passed the "Proposal on the Achievement of Conditions for the First Tranche of Restricted Stock Incentives for 2025". In accordance with the "Administrative Measures for Equity Incentives of Listed Companies" (hereinafter referred to as the "Measures"), the Company's "2025 Restricted Stock Incentive Plan" (hereinafter referred to as the "Incentive Plan"), and the "2025 Restricted Stock Incentive Plan Implementation and Assessment Management Measures" (hereinafter referred to as the "Assessment Measures"), the conditions for the first tranche of restricted stock incentives for the Company's 2025 Restricted Stock Incentive Plan (hereinafter referred to as the "Incentive Plan") have been met. The relevant matters are hereby announced as follows:
I. Approval Procedures for the Restricted Stock Incentive Plan
(1) On April 7, 2025, the second meeting of the Fourth Board of Directors' Remuneration and Assessment Committee of the Company deliberated and passed the "Proposal on the Company's <2025 Restricted Stock Incentive Plan (Draft)> and its Summary", the "Proposal on the Company's <2025 Restricted Stock Incentive Plan Implementation and Assessment Management Measures>", and the "Proposal on Verifying the Company's <List of Incentive Recipients for the 2025 Restricted Stock Incentive Plan>". On April 12, the "Audit Report of the Remuneration and Assessment Committee on Matters Related to the Company's 2025 Restricted Stock Incentive Plan" was disclosed.
(2) On April 11, 2025, the sixth meeting of the Fourth Board of Directors of the Company deliberated and passed the "Proposal on the Company's <2025 Restricted Stock Incentive Plan (Draft)> and its Summary", the "Proposal on the Company's <2025 Restricted Stock Incentive Plan Implementation and Assessment Management Measures>", and the "Proposal on Authorizing the Shareholders' Meeting to Handle Matters Related to the Company's 2025 Restricted Stock Incentive Plan". Haotian Law Firm issued the corresponding legal opinion. On the same day, the fifth meeting of the Fourth Supervisory Board of the Company deliberated and passed the "Proposal on the Company's <2025 Restricted Stock Incentive Plan (Draft)> and its Summary", the "Proposal on the Company's <2025 Restricted Stock Incentive Plan Implementation and Assessment Management Measures>", and the "Proposal on Verifying the Company's <List of Incentive Recipients for the 2025 Restricted Stock Incentive Plan>".
(3) From April 12 to April 21, 2025, the Company publicly disclosed the list of incentive recipients for the initial grant of this incentive plan. Upon expiration of the disclosure period, the Company's Remuneration and Assessment Committee did not receive any objections or other feedback regarding the list of incentive recipients for the initial grant of this incentive plan. On April 23, 2025, the Company disclosed the "Audit Report of the Remuneration and Assessment Committee on the List of Incentive Recipients for the Initial Grant of the 2025 Restricted Stock Incentive Plan and the Disclosure Status".