Shenzhen City Kexin New Materials Co., Ltd.
Regarding the 2023 Restricted Stock and Stock Option Incentive Plan's Third Vesting Period Conditions Achievement Announcement
Special Instructions:
- The number of individuals meeting the vesting conditions: 215.
- The total number of restricted stock shares: 771,221 shares, accounting for 0.19% of the company's total shares.
- The company may issue additional shares related to the restricted stock.
- The company will continue to provide relevant information after the completion of the restricted stock vesting conditions.
Shenzhen City Kexin New Materials Co., Ltd. (hereinafter referred to as "the Company") convened the 17th meeting of the 2023 annual general meeting on June 1, 2026, to discuss the 2023 Restricted Stock and Stock Option Incentive Plan. The plan outlines the achievement of the third vesting period conditions for restricted stock as follows:
I. Summary of the Incentive Plan Implementation Status
On April 17, 2023, the Company convened the first interim meeting of the 2023 annual general meeting to discuss the "2023 Restricted Stock and Stock Option Incentive Plan" (hereinafter referred to as "the Plan"). According to the discussions, the Company confirmed the achievement of the third vesting period conditions for the 2023 restricted stock incentive plan as follows:
1. The number and distribution of shares for the first class of restricted stock
This plan allows for a maximum of 59.30 million shares for the second class of restricted stock, approximately 0.54% of the total shares of the company.
| Name | Country | Position | Number of Shares (10,000 shares) | Percentage of Total Shares |
|---|---|---|---|---|
| Yang Li | China | Financial Director | 1.00 | 1.68% |
| Zhang Zheng | Hong Kong | Senior Management | 0.27 | 0.45% |
| Other core management (total 231 people) | 58.03 | 97.85% | ||
| Total | 59.30 | 100.00% |
Note: The above table includes four companies, ensuring three individuals.
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This plan includes individuals from Hong Kong, excluding directors, and does not include individuals who hold more than 50% of the shares or their relatives.
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The above table lists the distribution of shares for the second class of restricted stock.
2. Effectiveness of the First Class of Restricted Stock Incentive Plan
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The first class of restricted stock incentive plan is effective from the date of approval to the end of the vesting period, lasting no more than 60 months.
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The second class of restricted stock incentive plan is effective from the date of approval to the end of the vesting period, lasting no more than 60 months.
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The second class of restricted stock incentive plan's vesting conditions are as follows:
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The company must report semi-annually within 30 days, and the report must be submitted by the 30th day of the month following the end of the reporting period.
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The company must report quarterly, and the report must be submitted 10 days prior to the end of the quarter.
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The company must report any significant events that may affect the stock price within 2 days.
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The China Securities Regulatory Commission will supervise the trading of shares.
3. Conditions for the Third Class of Restricted Stock Incentive Plan
This plan allows for the issuance of restricted stock only if the following conditions are met:
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The company must not have any significant legal issues.
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The company must not have any significant financial issues.
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The company must not have any significant regulatory issues.
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The company must not have any significant issues related to its internal control.