Stock Abbreviation: Daye Intelligent
Stock Code: 300670
Jiangsu Daye Intelligent Electrical Co., Ltd.
2026 Restricted Stock Incentive Plan
(Draft)
July 2026
Statement
The Board of Directors and all directors of the Company 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 is found to have false records, misleading statements, or major omissions in its information disclosure documents, resulting in non-compliance with the grant or vesting arrangements, 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 such 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 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 Jiangsu Daye Intelligent Electrical Co., Ltd.
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The incentive tool adopted in this Incentive Plan is Class II restricted stock. The source of the stock is the Company's A-share common stock issued to the incentive recipients.
Incentive recipients who meet the grant conditions will, upon satisfying the corresponding vesting conditions, obtain the Company's A-share common stock issued 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 vesting, the restricted stock granted to the incentive recipients 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 restricted stock intended to be granted under this Incentive Plan is 10.00 million shares, representing approximately 3.16% of the Company's total share capital of 316.920479 million shares at the time of the announcement of this draft. Among them, 8.00 million shares are granted initially, representing approximately 2.52% of the total share capital at the time of the announcement of this draft, and 80.00% of the total equity to be granted; 2.00 million shares are reserved, representing approximately 0.63% of the total share capital at the time of the announcement of this draft, and 20.00% of the total equity to be granted.
As of the date of the announcement of this 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 single 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 Class II restricted stock (including the reserved portion) under this Incentive Plan is 5.74 yuan per share.
From the date of the announcement of this draft until the completion of the vesting registration of the Class II restricted stock by the incentive recipients, if the Company undergoes capital reserve conversion, stock dividend distribution, share split or consolidation, rights issue, or dividend payment, the grant price and the number of shares granted for the Class II restricted stock will be adjusted accordingly.