Securities Code: 300795 Securities Abbreviation: M&O Exhibition Announcement No.: 2026-018
Zhejiang M&O Exhibition Co., Ltd. Announcement on Adjusting the Grant Price of Class II Restricted Shares under the 2024 Restricted Share Incentive Plan
The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
Zhejiang M&O Exhibition Co., Ltd. (hereinafter referred to as the "Company") held its Sixth Board of Directors' Sixth Meeting on March 24, 2026, and approved the "Proposal on Adjusting the Grant Price of Class II Restricted Shares under the 2024 Restricted Share Incentive Plan." In accordance with the provisions of the Company's "2024 Restricted Share Incentive Plan (Draft)" (hereinafter referred to as the "2024 Incentive Plan (Draft)") and the authorization from the Company's Second Extraordinary Shareholders' Meeting in 2024, the Board of Directors agreed to make corresponding adjustments to the grant price of Class II restricted shares under the 2024 Restricted Share Incentive Plan (hereinafter referred to as the "2024 Incentive Plan").
After this adjustment, the grant price for both the initial grant and the reserved grant of restricted shares under the 2024 Incentive Plan has been adjusted from RMB 7.66 per share to RMB 7.59 per share. The relevant matters are hereby explained as follows:
I. Procedures for the 2024 Restricted Share Incentive Plan
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On June 3, 2024, the Company convened the Twenty-fourth Meeting of the Fifth Board of Directors, which reviewed and approved the "Proposal on the 2024 Restricted Share Incentive Plan (Draft) and its Summary," the "Proposal on the Performance Management Measures for the 2024 Restricted Share Incentive Plan," and the "Proposal on Authorizing the Board of Directors to Handle Matters Related to the 2024 Restricted Share Incentive Plan by the Shareholders' Meeting."
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On June 2, 2024, the Company convened the Twenty-second Meeting of the Fifth Supervisory Board, which reviewed and approved the "Proposal on the 2024 Restricted Share Incentive Plan (Draft) and its Summary," the "Proposal on the Performance Management Measures for the 2024 Restricted Share Incentive Plan," and the "Proposal on Verifying the List of Initial Grantees of the 2024 Restricted Share Incentive Plan."
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From June 4 to June 13, 2024, the Company publicly disclosed the list of grantees and their positions under this incentive plan within the Company. During the disclosure period, the Company's Supervisory Board did not receive any objections related to the proposed grantees of the incentive plan. On June 14, 2024, the Company disclosed the "Supervisory Board's Opinion on the Review of the List of Initial Grantees of the 2024 Restricted Share Incentive Plan and the Disclosure Statement." The Supervisory Board, after review, believes that the grantees included in the incentive plan meet the conditions stipulated by relevant laws, regulations, and normative documents, and are legally and validly qualified as grantees of this restricted share incentive plan.