Stock Code: 300727 Stock Abbreviation: Runhe Materials Announcement No.: 2026-040
Ningbo Runhe High-tech Materials Technology Co., Ltd.
Announcement on Reserved Grant of Restricted Shares to Participants of the 2025 Restricted Share Incentive Plan
Important Content Notice:
● Reserved Grant Date: August 7, 2026
● Reserved Grant Quantity: 639,000 shares
● Reserved Grant Price: 13.70 yuan/share (adjusted)
● Number of Participants for Reserved Grant: 29
● Equity Incentive Method: Type II Restricted Shares
Ningbo Runhe High-tech Materials Technology Co., Ltd. (hereinafter referred to as "Runhe Materials" or the "Company") held the 15th meeting of the 4th Board of Directors on August 7, 2026, and approved the "Proposal on the Reserved Grant of Restricted Shares to Participants of the 2025 Restricted Share Incentive Plan." The conditions for the reserved grant of restricted shares under the 2025 Restricted Share Incentive Plan (hereinafter referred to as the "Incentive Plan") have been met. Pursuant to the authorization of the 2025 Third Extraordinary General Meeting, the Company has designated August 7, 2026, as the grant date and agreed to grant a total of 639,000 Type II restricted shares to 29 eligible participants at a price of 13.70 yuan/share. The remaining 176,000 ungranted restricted shares will not be granted in the future and will automatically expire upon maturity. The relevant details are announced as follows:
I. Brief Introduction to the Incentive Plan
On August 14, 2025, the Company held the 2025 Third Extraordinary General Meeting, which approved the "Proposal on the <Ningbo Runhe High-tech Materials Technology Co., Ltd. 2025 Restricted Share Incentive Plan (Draft)> and its Summary" and other related proposals. The main contents of the Incentive Plan are as follows:
(I) Incentive Instrument: Type II Restricted Shares
(II) Source of Underlying Shares: RMB A-share ordinary shares of the Company issued by the Company to the participants on a directional basis.
(III) Grant Price: The grant price for the initial grant of restricted shares under this Incentive Plan was 14.00 yuan/share (before adjustment). The reserved grant price is the same as the initial grant price. During the period from the date of the announcement of the Incentive Plan draft to the completion of the registration of the restricted shares granted to the participants, if the Company undergoes capital reserve capitalization, bonus share issuance, stock split, share consolidation, rights issue, or dividend distribution, the grant price and the number of equity interests will be adjusted accordingly in accordance with the Incentive Plan.
(IV) Quantity of Restricted Shares: The total number of restricted shares to be granted under this Incentive Plan is 5.00 million shares, representing 2.78% of the Company's total share capital of 179.867353 million shares as of the date of the announcement of the Incentive Plan draft. Of this total, 4.185 million shares are for the initial grant, accounting for 2.33% of the total share capital and 83.70% of the total restricted shares to be granted. The reserved portion is 815,000 shares, accounting for 0.45% of the total share capital and 16.30% of the total restricted shares to be granted.
(V) Participants and Allocation: The initial grant under this Incentive Plan involves 91 participants, including directors, senior management, core management personnel, core technical/business staff, and other personnel deemed necessary by the Board of Directors who were employed by the Company (including subsidiaries) at the time of the announcement. This does not include independent directors of Runhe Materials, shareholders or actual controllers who individually or collectively hold 5% or more of the Company's shares, their spouses, parents, children, or foreign employees.
The allocation of the restricted shares to be granted under this Incentive Plan is shown in the table below: