Important Content Reminder:
- A total of 257 incentive recipients met the vesting conditions for the first vesting period of the initial grant, with a total of 1,101,875 shares to be vested at a grant price of 39.16 yuan per share (adjusted).
- Source of vested shares: The company repurchased its own ordinary A-shares from the secondary market.
- After completing the relevant procedures for this initial grant of the second category of restricted stock, the company will issue an announcement regarding the vesting results; investors are advised to pay attention.
Electric Connection Technology Co., Ltd. (hereinafter referred to as "the Company") held the 15th meeting of the 4th Board of Directors on June 1, 2026, where it reviewed and approved the proposal on the achievement of vesting conditions for the first vesting period of the initial grant of the second category of restricted stock under the 2025 Restricted Stock Incentive Plan. In accordance with the "Management Measures for Equity Incentives of Listed Companies" (hereinafter referred to as "the Management Measures"), "Shenzhen Stock Exchange GEM Listing Rules" (hereinafter referred to as "the Listing Rules"), "Shenzhen Stock Exchange GEM Self-Regulatory Guidelines No. 1 - Business Handling" (hereinafter referred to as "the Self-Regulatory Guidelines"), and the "2025 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as "the Incentive Plan"), the relevant content is announced as follows:
I. Overview of the 2025 Restricted Stock Incentive Plan
The Company and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions. The Company held the second extraordinary general meeting of shareholders in 2025 on April 24, 2025, where it reviewed and approved the proposal on the "2025 Restricted Stock Incentive Plan (Draft)" and its summary. The incentive form adopted by this incentive plan is the second category of restricted stock. The main contents regarding the second category of restricted stock in the Incentive Plan are as follows:
- Source of shares: The Company repurchased its own ordinary A-shares from the secondary market.
- Grant price: The grant price for the initial grant of the second category of restricted stock is 39.16 yuan per share (adjusted), and the reserved portion of the second category of restricted stock will have the same grant price as the initial grant. If, between the announcement date of this incentive plan and the completion of the vesting registration by the incentive recipients, the Company has capital reserves converted into share capital, distributes stock dividends, pays dividends, splits shares, issues new shares, or reduces shares, the grant price and/or quantity of the restricted stock will be adjusted accordingly.
- Scope of incentive recipients: Core technical/business personnel employed by the Company (including subsidiaries) at the time of the announcement of this incentive plan, excluding independent directors, shareholders holding 5% or more of the Company's shares individually or collectively, and their spouses, parents, and children.
- Vesting arrangements for the initial and reserved grants of the second category of restricted stock: The restricted stock granted for the first time will vest in stages after 12 months from the grant date (the reserved restricted stock will vest 12 months after the reserved grant date), and will vest according to the agreed proportion after the incentive recipients meet the corresponding vesting conditions. The vesting date must be a trading day within the validity period of this incentive plan, and vesting cannot occur during periods when relevant laws, administrative regulations, or departmental rules restrict the trading of the Company's stock by directors and senior management. The vesting arrangements for the initial grant of restricted stock are shown in the table below: