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Anhui Longmagnetic Technology Co., Ltd.
2026 Restricted Stock Incentive Plan (Draft) Summary
August 2026
Statement
The Company and all members of the Board of Directors guarantee that this incentive plan and its summary contain no false records, misleading statements, or major omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of its contents.
All incentive recipients of the Company promise that if the Company is found to have false records, misleading statements, or major omissions in its information disclosure documents, resulting in non-compliance with the conditions for granting or exercising rights, the incentive recipients shall return all benefits obtained from this incentive plan to the Company after such false records, misleading statements, or major omissions are confirmed.
Special Notice
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The 2026 Restricted Stock Incentive Plan (hereinafter referred to as the "Incentive Plan") of Anhui Longmagnetic Technology Co., Ltd. (hereinafter referred to as the "Company" or "Longmagnetic Technology") 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 Administrative Measures for Equity Incentives of Listed Companies, the Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange, the Guidelines for Self-Regulation of Listed Companies on the ChiNext Market No. 1 - Business Handling, and other relevant laws, regulations, and normative documents, as well as the Articles of Association of Anhui Longmagnetic Technology Co., Ltd.
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The incentive tool adopted in this Incentive Plan is restricted stock (Type I restricted stock). The source of the shares is the Company's A-share common stock repurchased from the secondary market.
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The total number of restricted shares to be granted under this Incentive Plan is 1.211 million shares, accounting for approximately 1.02% of the Company's total share capital of 119.24754 million shares at the time of the announcement of this draft. This Incentive Plan is a one-time grant with no reserved interests.
The 2023 Restricted Stock Incentive Plan, approved by the Company's 2023 First Extraordinary General Meeting of Shareholders, is still in implementation. 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 their validity period does not exceed 20% of the Company's total share capital at the time of the announcement of this draft. The cumulative number of the Company's shares granted to any single incentive recipient under all equity incentive plans within their validity period does not exceed 1% of the Company's total share capital at the time of the announcement of this draft.
If the Company undergoes capital reserve capitalization, stock dividend distribution, share subdivision or consolidation, or rights issues between the date of the announcement of this Incentive Plan and the completion of the registration of restricted shares by the incentive recipients, the number of restricted shares granted shall be adjusted accordingly in accordance with the relevant provisions of this Incentive Plan.
- The grant price of the restricted shares under this Incentive Plan is 81.20 yuan per share.
If the Company undergoes capital reserve capitalization, stock dividend distribution, share subdivision or consolidation, rights issues, or dividend payments between the date of the announcement of this Incentive Plan and the completion of the registration of restricted shares by the incentive recipients, the grant price of the restricted shares shall be adjusted accordingly in accordance with the relevant provisions of this Incentive Plan.
- The total number of incentive recipients under this Incentive Plan is 189, including directors, senior management, middle management, and core technical (business) personnel serving in the Company (including branches and subsidiaries) at the time of the announcement of this Incentive Plan.