Xiamen Yilian Network Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Important Content Reminder:
- Grant Date of Restricted Stocks: May 29, 2026
- Number of Restricted Stocks Granted: 5,492,370 shares
- Grant Price of Restricted Stocks: 16.58 yuan/share
- Number of Recipients: 578 persons
- Form of Equity Incentive: Second category of restricted stocks
Xiamen Yilian Network Technology Co., Ltd. held the 13th meeting of the 5th Board of Directors on May 29, 2026, where it reviewed and approved the proposals regarding the adjustment of the grant price for the 2026 restricted stock incentive plan and the granting of restricted stocks to the incentive objects. According to the "Management Measures for Equity Incentives of Listed Companies" (hereinafter referred to as "the Management Measures") and the Company's "2026 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as "the Incentive Plan"), the Board believes that the granting conditions stipulated in the 2026 Restricted Stock Incentive Plan have been fulfilled. Based on the authorization from the 2025 Annual General Meeting of Shareholders, it was agreed to set May 29, 2026, as the grant date and to grant 5,492,370 restricted stocks at a price of 16.58 yuan/share to 578 incentive objects. The relevant content is announced as follows:
Summary of the Incentive Plan and Related Approval Procedures
(1) Summary of the Incentive Plan
- Form of Incentive: Second category of restricted stocks
- Source of Stocks: A-shares repurchased from the special account and/or A-shares issued to incentive objects
- Number of Stocks Granted: The number of restricted stocks to be granted under this incentive plan is 5,492,370 shares, accounting for approximately 0.434% of the total share capital of 1,266,789,223 shares at the time of the announcement of this plan.
- Grant Price: The grant price of the restricted stocks is 16.58 yuan/share.
- Recipients: The total number of incentive objects under this incentive plan is 578, including some senior management personnel in office at the time of the announcement, core management personnel, core technical (business) personnel, potential key employees, and other employees identified by the Board as needing incentives.
- Vesting Arrangement: The restricted stocks granted under this incentive plan will vest in installments according to the agreed proportion after the incentive objects meet the corresponding vesting conditions. The vesting date must be a trading day within the validity period of this incentive plan, but cannot be during the following periods:
(1) 15 days prior to the announcement of the Company's annual report or semi-annual report;
(2) 5 days prior to the announcement of the Company's quarterly report, performance forecast, or performance brief;
(3) From the date of occurrence of significant events that may have a substantial impact on the trading price of the Company's stocks and their derivatives until the date of legal disclosure;
(4) Other periods stipulated by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.
The specific vesting schedule and arrangements for the restricted stocks are as follows:
| Vesting Arrangement | Vesting Time | Vesting Ratio |
|---|---|---|
| First Vesting Period | From the first trading day after 12 months from the grant date to the last trading day within 24 months from the grant date | 50% |
| Second Vesting Period | From the first trading day after 24 months from the grant date to the last trading day within 36 months from the grant date | 50% |