Stock Abbreviation: Daye Intelligent
Stock Code: 300670
Jiangsu Daye Intelligent Electrical Co., Ltd.
2026 Restricted Stock Incentive Plan
(Draft) Summary
July 2026
Statement
The Company's Board of Directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements, or major omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of its contents.
All incentive recipients of the Company promise that if the Company fails to meet the conditions for granting or vesting of rights and interests due to false records, misleading statements, or major omissions in information disclosure documents, the incentive recipients shall return all benefits obtained from this incentive plan to the Company after the relevant information disclosure documents are confirmed to contain false records, misleading statements, or major omissions.
Special Notice
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The 2026 Restricted Stock Incentive Plan (hereinafter referred to as the "Incentive Plan") of Jiangsu Daye Intelligent Electrical Co., Ltd. (hereinafter referred to as the "Company") 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 Shenzhen Stock Exchange GEM Stock Listing Rules, the Shenzhen Stock Exchange GEM 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 Jiangsu Daye Intelligent Electrical Co., Ltd.
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The incentive tool adopted in this Incentive Plan is the second type of restricted stock. The source of the stock is the Company's A-share common stock issued directly to the incentive recipients.
Incentive recipients who meet the grant conditions of this Incentive Plan will, after satisfying the corresponding vesting conditions, obtain the Company's A-share common stock issued directly by the Company at the grant price in batches. Such shares will be registered with the Shenzhen Branch of China Securities Depository and Clearing Corporation. Before the vesting of the restricted stock granted to the incentive recipients, they do not enjoy shareholder rights of the Company, and the aforementioned restricted stock may not be transferred, used for guarantees, or used to repay debts.
- The total amount of restricted stock intended to be granted to incentive recipients under this Incentive Plan is 10.00 million shares, accounting for approximately 3.16% of the Company's total share capital of 316.920479 million shares at the time of the announcement of the Incentive Plan draft. Among them, 8.00 million shares are granted for the first time, accounting for approximately 2.52% of the Company's total share capital at the time of the announcement of the Incentive Plan draft, and 80.00% of the total equity intended to be granted; 2.00 million shares are reserved, accounting for approximately 0.63% of the Company's total share capital at the time of the announcement of the Incentive Plan draft, and 20.00% of the total equity intended to be granted.
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. The cumulative number of company shares granted to any one incentive recipient through all equity incentive plans within the validity period does not exceed 1% of the Company's total share capital.
- The grant price of the second type of restricted stock (including the reserved portion) under this Incentive Plan is 5.74 yuan/share.
From the date of the announcement of this Incentive Plan draft until the completion of the vesting registration of the second type of restricted stock by the incentive recipients, if the Company undergoes capital reserve conversion to share capital, distribution of stock dividends, share splits or consolidations, rights issues, or dividend payments, the grant price and number of shares of the second type of restricted stock will be adjusted accordingly.