The company and its board of directors ensure that the information disclosed is true, accurate, complete, and free from false records, misleading statements, or major omissions.
Important Content Highlights:
- The number of restricted stocks reserved for the second vesting period is 119.718 million, accounting for 0.14% of the company's total shares.
- The source of the restricted stocks: The company intends to issue A-shares to the public.
Jiangsu Lihua Food Group Co., Ltd. (hereinafter referred to as "the Company") held the second meeting of the fourth session of the board of directors on May 29, 2026, and approved the "Announcement on the Compliance of the Second Vesting Period for the 2022 Restricted Stock Incentive Plan" and related matters. This announcement is in accordance with the relevant provisions of the plan.
Overview of the Implementation of the Incentive Plan
1. The Implementation of the Incentive Plan
- The main content of the incentive plan is as follows:
From July 22, 2022, to August 8, 2022, the company held the second extraordinary general meeting of shareholders to review the first proposal regarding the 2022 restricted stock incentive plan (draft) and related matters. The company’s restricted stock incentive plan involves a total of 1,200 million shares, accounting for 2.97% of the total shares of the company. The initial allocation of restricted stocks is 1,035.80 million shares. In the 2022 incentive plan, the company’s total stock capital is 40,388.00 million shares, and the expected profit allocation for the second vesting period is 106 people, with the second vesting period's restricted stock amount being 119.718 million shares, accounting for 0.14% of the total shares of the company. The grant price is 9.92 yuan (after three adjustments).
2. The Grant Date of the Incentive Plan
The grant date of the 2022 incentive plan is confirmed as the date when the company’s board of directors approves the plan, which must be within 60 days after the board meeting. The company will complete the grant within 60 days after the board meeting, and the reasons for not completing the grant must be disclosed.
3. The Allocation of Restricted Stocks
The allocation of restricted stocks under the 2022 incentive plan is as follows: