Stock Abbreviation: Meili Technology Stock Code: 300611
Zhejiang Meili Technology Co., Ltd.
2026 Restricted Stock Incentive Plan
(Draft)
August 2026
Statement
The Company and all directors guarantee that this incentive plan draft and its summary contain no false records, misleading statements, or major omissions, and assume individual and joint legal liability for their authenticity, accuracy, and completeness.
All incentive targets of the Company commit: If the Company's information disclosure documents contain false records, misleading statements, or major omissions, resulting in non-compliance with the conditions for granting or vesting of equity, the incentive targets shall return all benefits obtained from this incentive plan to the Company after the relevant information disclosure documents are confirmed to contain such false records, misleading statements, or major omissions.
Special Notice
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Zhejiang Meili Technology Co., Ltd. (hereinafter referred to as "Meili Technology," "the Company," or "Company") has formulated the "2026 Restricted Stock Incentive Plan (Draft)" 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 "Shenzhen Stock Exchange ChiNext Market Listed Company Self-Regulatory Guidelines No. 1 — Business Handling," and other relevant laws, regulations, and normative documents, as well as the "Articles of Association of Zhejiang Meili Technology Co., Ltd."
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The incentive tool adopted in this restricted stock incentive plan is restricted stock (Type II restricted stock). The source of the stock is the Company's A-share common stock issued directly to the incentive targets.
Incentive targets who meet the grant conditions of this incentive plan will, upon satisfying the corresponding vesting conditions, obtain the Company's newly issued A-share common stock in batches at the grant price. These shares will be registered with China Securities Depository and Clearing Corporation. Before vesting, the restricted stock granted to the incentive targets does not carry shareholder rights, and such restricted stock may not be transferred, used for guarantees, or used to repay debts.
- The total amount of Type II restricted stock proposed to be granted to incentive targets under this plan is 1.00 million shares, accounting for approximately 0.47% of the Company's total share capital of 211.07468 million shares at the time of the announcement of this plan. Among them, 0.95 million shares are granted for the first time, accounting for 95.00% of the total equity proposed to be granted under this plan and 0.45% of the Company's total share capital of 211.07468 million shares at the time of the announcement. The reserved portion is 0.05 million shares, accounting for 5.00% of the total equity proposed to be granted under this plan and 0.02% of the Company's total share capital of 211.07468 million shares at the time of the announcement. The total number of underlying shares involved in all of the Company's equity incentive plans within the validity period does not exceed 20.00% of the Company's total share capital. The cumulative number of the Company's shares granted to any single incentive target under all equity incentive plans within the validity period does not exceed 1.00% of the Company's total share capital.
The reserved portion will have its grant targets determined within 12 months after this plan is approved by the shareholders' meeting. The grant of the reserved portion shall be proposed by the Board of Directors, with the Board's Remuneration and Appraisal Committee expressing a clear opinion, and lawyers expressing professional opinions and issuing a legal opinion. After the Company makes full information disclosure on the designated website regarding details including incentive shares, incentive target positions, and grant prices, the grant will be carried out in accordance with the provisions of this plan. If the incentive targets are not determined within 12 months, the reserved restricted stock will lapse.