Securities Code: 300792
Securities Abbreviation: Yiwang Yichuang
Announcement No.: 2026-041
Hangzhou Yiwang Yichuang Technology Co., Ltd.
Announcement on the Achievement of Vesting Conditions for the First Vesting Period of the 2025 Restricted Stock Incentive Plan
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or material omissions.
Special Reminders:
-
The vesting conditions for the first vesting period of the 2025 Restricted Stock Incentive Plan (hereinafter referred to as the "Incentive Plan") of Hangzhou Yiwang Yichuang Technology Co., Ltd. (hereinafter referred to as the "Company") have been achieved. A total of 29 eligible employees will vest, with a proposed number of 719,528 shares to be vested, accounting for 0.3037% of the Company's current total share capital.
-
The exercise price for Class II restricted stock is 12.54 RMB/share (adjusted).
-
The source of the vested shares is the Company's ordinary A shares issued to the incentive recipients.
-
The vesting of these restricted shares still requires relevant procedures to be completed with the relevant authorities. Further announcements will be made in due course. Investors are kindly requested to pay attention.
The Company held the Fourth Board of Directors' Fourteenth Meeting and the Fourth Board of Directors' Compensation and Assessment Committee's Second Meeting on June 22, 2026, and deliberated and approved the "Proposal on the Achievement of Vesting Conditions for the First Vesting Period of the 2025 Restricted Stock Incentive Plan." The relevant matters are hereby announced as follows:
I. Brief Overview of the Incentive Plan and Approval Procedures Completed
(I) Brief Overview of the Incentive Plan
On June 16, 2025, the Company held its 2025 Second Extraordinary General Meeting of Shareholders, which deliberated and approved the "Proposal on the '2025 Restricted Stock Incentive Plan (Draft)' and its Summary" (hereinafter referred to as the "Incentive Plan (Draft)" or the "Incentive Plan" or the "Plan"), the main contents of which are as follows:
-
Type of underlying shares: Company's ordinary A shares.
-
Source of underlying shares: Company's ordinary A shares issued to incentive recipients.
-
Exercise price: 12.68 RMB/share (adjusted).
-
Incentive recipients: A total of 34 incentive recipients were granted the award, including senior management personnel and key technical (business) backbones of the Company at the time of the announcement, excluding independent directors.
The allocation of restricted shares to be granted under the Incentive Plan among the incentive recipients is as follows:
| Name | Position | Number of Restricted Shares Granted (10,000 shares) | Proportion of Total Restricted Shares Granted | Proportion of Current Total Share Capital |
|---|---|---|---|---|
| Zhou Wei | Chief Financial Officer | 11.07 | 5.5350% | 0.0467% |
| Gao Fan | Deputy General Manager/Secretary of the Board | 11.07 | 5.5350% | 0.0467% |
| Key Technical (Business) Personnel (32 people) | 177.86 | 88.9300% | 0.7506% | |
| Total (34 people) | 200 | 100% | 0.8441% |
Note: Any discrepancies in the sum of the total and individual figures in the table above are due to rounding to the nearest five decimal places. The same applies below.
- Validity Period and Vesting Arrangement for Class II Restricted Shares