Stock Code: 300818 Stock Abbreviation: NPU Mining Machinery
Jiangxi NPU Mining Machinery Co., Ltd.
2026 Restricted Stock Incentive Plan
(Draft)
July 2026
Statement
The Company and all members of the Board of Directors guarantee that the contents of this announcement do not contain any false records, misleading statements, or major omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of its contents.
All incentive recipients under this plan commit that if the Company is required to return benefits obtained under this incentive plan due to false records, misleading statements, or major omissions in information disclosure documents that result in non-compliance with grant or vesting requirements, the recipients shall return all benefits obtained from this incentive plan to the Company.
Special Notice
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This incentive plan is formulated in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange, the Administrative Measures for Equity Incentives of Listed Companies, the Guidelines No. 1 for Self-Regulation of Listed Companies on the ChiNext Market of the Shenzhen Stock Exchange—Business Handling, and other relevant laws, regulations, and normative documents, as well as the Articles of Association of Jiangxi NPU Mining Machinery Co., Ltd.
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The incentive tool adopted in this plan is restricted stock (Type II restricted stock). The source of the shares is the Company's定向 issuance of A-share common stock to incentive recipients and/or the Company's repurchase of A-share common stock from the secondary market.
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The total number of restricted shares to be granted under this plan is 4.60 million shares, accounting for approximately 2.10% of the Company's total share capital of 219.404385 million shares at the time of the announcement of this draft. Specifically, 4.17 million shares are to be granted initially, accounting for 1.90% of the total share capital and 90.65% of the total equity to be granted; 0.43 million shares are reserved, accounting for 0.20% of the total share capital and 9.35% of the total equity to be granted.
As of the date of the announcement of this draft, the total number of underlying shares involved in all of the Company's equity incentive plans within the validity period does not exceed 20% of the Company's total share capital. The cumulative number of company shares granted to any single incentive recipient under all equity incentive plans within the validity period does not exceed 1% of the Company's total share capital at the time the incentive plan is submitted to the shareholders' meeting for deliberation.
- The grant price for the restricted shares under the initial grant of this plan is 9.15 yuan/share. The grant price for the reserved restricted shares is the same as that for the initial grant.
If the Company undergoes capital reserve conversion, stock dividend distribution, share subdivision or consolidation, rights issue, or cash dividend distribution between the date of the announcement of this draft and the completion of the registration of the restricted shares by the incentive recipients, the grant price or quantity of the restricted shares will be adjusted accordingly in accordance with the relevant provisions of this plan.
- The total number of incentive recipients for the initial grant is 110, including directors, senior management, core management personnel, core backbone employees, and other personnel deemed necessary by the Board of Directors who are employed by the Company (including holding subsidiaries) at the time of the announcement of this plan.
Reserved incentive recipients refer to those who have not been determined at the time the incentive plan is approved by the shareholders' meeting but are included in the plan during its duration, to be determined within 12 months after the plan is approved by the shareholders' meeting. The criteria for determining reserved incentive recipients shall refer to the criteria for the initial grant.