Securities Code: 300814
Securities Abbreviation: Zhongfu Circuit
Announcement No.: 2026-034
Shenzhen Zhongfu Circuit Co., Ltd.
Announcement on the First Grant of Restricted Shares to Incentive Recipients under the 2026 Restricted Share Incentive Plan
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions.
Key Content Reminder:
● First Grant Date of Restricted Shares: June 26, 2026
● First Grant Quantity of Restricted Shares: 2.025 million shares
● Grant Price of Restricted Shares: RMB 48.29 per share
● Equity Incentive Method: Class II Restricted Shares
Shenzhen Zhongfu Circuit Co., Ltd. (hereinafter referred to as the "Company") held the fourth meeting of the third Board of Directors on June 26, 2026, and reviewed and approved the "Proposal on the First Grant of Restricted Shares to Incentive Recipients under the 2026 Restricted Share Incentive Plan." The conditions for granting restricted shares stipulated in the "Shenzhen Zhongfu Circuit Co., Ltd. 2026 Restricted Share Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan (Draft)") have been met. Pursuant to the authorization of the 2025 Annual Shareholders' Meeting, the Company's Board of Directors has determined that the first grant date for the 2026 Restricted Share Incentive Plan (hereinafter referred to as the "Current Incentive Plan") shall be June 26, 2026. A total of 2.025 million restricted shares will be granted for the first time at a price of RMB 48.29 per share to 91 incentive recipients who meet the grant conditions. The relevant matters are hereby explained as follows:
I. Brief Introduction to the Current Incentive Plan and Procedures Already Completed
(I) Brief Introduction to the Current Incentive Plan
On May 20, 2026, the Company held its 2025 Annual Shareholders' Meeting and reviewed and approved the "Proposal on the Company's <2026 Restricted Share Incentive Plan (Draft)> and its Summary," the main contents of which are as follows:
- Incentive Method and Source of Shares for the Current Incentive Plan
The incentive tool used in the current incentive plan is restricted shares (Class II restricted shares), and the source of the underlying shares is the ordinary shares of the Company's A shares issued to incentive recipients on a targeted basis.
- Grant Price of Restricted Shares under the Current Incentive Plan
The grant price of restricted shares under the current incentive plan is RMB 48.29 per share.
- Scope of Incentive Recipients
A total of 92 incentive recipients are planned for the first grant under the current incentive plan, including directors, senior management personnel, middle management personnel, and key technical (business) backbones employed by the Company (including its branches and subsidiaries) at the time of the Company's announcement of this incentive plan. The planned first grant of incentive recipients under the current incentive plan includes Mr. Jiang Weimin, the brother-in-law of Ms. Wang Hong, the sister of Mr. Wang Changmin, one of the actual controllers of the Company. It does not include shareholders or actual controllers who individually or collectively hold more than 5% of the shares in the Company, nor their spouses, parents, or children, and it does not include the Company's independent directors.
The allocation of restricted shares to be granted under the current incentive plan among the incentive recipients is as follows: