Zhejiang Tiantie Industry Co., Ltd.
2026 Restricted Stock Incentive Plan
(Draft)
August 2026
Statement
The Company and all directors guarantee that this incentive plan and its summary contain no false records, misleading statements, or material omissions, and assume individual and joint legal liability for their authenticity, accuracy, and completeness.
All incentive recipients of the Company undertake that if the Company's information disclosure documents contain false records, misleading statements, or material omissions, leading to non-compliance with the conditions for granting or unlocking equity, the incentive recipients shall return all benefits obtained from this incentive plan to the Company after such false records, misleading statements, or material omissions are confirmed in the relevant information disclosure documents.
Special Notice
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This incentive plan is formulated in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for Equity Incentives of Listed Companies, the Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange, the Guidelines No. 1 for Self-Regulation of Listed Companies on the ChiNext Market—Business Handling, and other relevant laws, regulations, and normative documents, as well as the Articles of Association of Zhejiang Tiantie Industry Co., Ltd.
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The incentive tool adopted in this incentive plan is the first type of restricted stock (hereinafter referred to as "restricted stock"). The source of the shares is the Company's A-share common stock issued by Zhejiang Tiantie Industry Co., Ltd. (hereinafter referred to as the "Company" or "this Company") to the incentive recipients.
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The number of restricted shares proposed to be granted to the incentive recipients under this incentive plan is 74.00 million shares, accounting for approximately 5.70% of the Company's total share capital of 1,298.268797 million shares at the time of the announcement of this incentive plan draft. This incentive plan is a one-time grant with no reserved equity.
The 2022 Restricted Stock Incentive Plan (Draft Revision) approved by the 2022 Third Extraordinary General Meeting, the 2022 Second Restricted Stock Incentive Plan (Draft) approved by the 2022 Fifth Extraordinary General Meeting, the 2024 Restricted Stock Incentive Plan (Draft) approved by the 2024 First Extraordinary General Meeting, and the 2025 Restricted Stock Incentive Plan (Draft) approved by the 2025 Second Extraordinary General Meeting are still in implementation. As of the date of the announcement of this incentive plan draft, the total number of underlying shares involved in all of the Company's equity incentive plans within the validity period does not exceed 20% of the Company's total share capital at the time of the announcement of this incentive plan draft. The total number of the Company's shares granted to any single incentive recipient through all equity incentive plans within the validity period does not exceed 1% of the Company's total share capital at the time of the announcement of this incentive plan draft.
From the date of the announcement of this incentive plan to the completion of the registration of restricted shares by the incentive recipients, if the Company undergoes capital reserve conversion, stock dividend distribution, share split or consolidation, or rights issue, the number of restricted shares granted will be adjusted accordingly in accordance with the provisions of this incentive plan.
- The grant price of the restricted shares under this incentive plan is 2.57 yuan/share. From the date of the announcement of this incentive plan to the completion of the registration of restricted shares by the incentive recipients, if the Company undergoes capital reserve conversion, stock dividend distribution, share split or consolidation, rights issue, or dividend distribution, the grant price of the restricted shares will be adjusted accordingly in accordance with this incentive plan.