Securities Code: 300919
Securities Abbreviation: Zhongwei New Material
Announcement Number: 2026-042
Zhongwei New Material Co., Ltd.
Announcement on the Achievement of Vesting Conditions for the First Tranche of the 2023 Restricted Stock Incentive Plan and the Second Tranche of the Reserved Tranche
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
Key Information Highlights:
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A total of 903 eligible grantees for the third vesting period of the initial grant and 80 eligible grantees for the second vesting period of the reserved grant have met the conditions. The number of restricted shares to be vested is 2,220,841 shares, at a vesting price of 19.86 RMB per share.
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Source of vested shares: The Company will issue Class A common shares to the grantees through a directed issuance.
Zhongwei New Material Co., Ltd. (hereinafter referred to as the "Company") held the fourth meeting of the third Board of Directors on June 12, 2026, and deliberated and passed the "Proposal on the Achievement of Vesting Conditions for the Third Vesting Period of the Initial Grant and the Second Vesting Period of the Reserved Grant of the 2023 Restricted Stock Incentive Plan." The relevant content is hereby announced as follows:
I. Overview of the Implementation of the Equity Incentive Plan
(I) Brief Introduction to the Company's Restricted Stock Incentive Plan
The "2023 Restricted Stock Incentive Plan (Draft)" of Zhongwei New Material Co., Ltd. was deliberated and approved by the third extraordinary general meeting of shareholders in 2023. The main contents are as follows:
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Incentive Method: The incentive tool for this incentive plan is the second class of restricted shares.
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Source of Underlying Shares: The Company will issue Class A common shares to the grantees through a directed issuance.
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Grantees: The total number of grantees for this incentive plan shall not exceed 1,488, including directors, senior management, core technical personnel, and other personnel that the Board of Directors deems worthy of incentive, employed by the Company (including its holding subsidiaries).
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Grant Price: The grant price of the restricted shares (including reserved grants) in this incentive plan is 30.78 RMB per share.
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Validity Period and Vesting Arrangement of this Incentive Plan: The validity period of this incentive plan shall be from the date of the first grant of restricted shares to the date when all restricted shares granted to the grantees are vested or become invalid, whichever is the longer, not exceeding 60 months.
Before the vesting of restricted shares, the restricted shares granted to the grantees cannot be transferred, pledged, mortgaged, guaranteed, or used to repay debts.
The restricted shares will be vested according to the vesting arrangements in this incentive plan after the corresponding vesting conditions are met. The vesting date must be a trading day and cannot fall within the following periods:
(1) Within fifteen days before the announcement of the Company's annual report, semi-annual report;
(2) Within five days before the announcement of the Company's quarterly report, performance forecast, or performance brief;
(3) From the date when a major event that may have a significant impact on the trading price of the Company's securities and their derivatives occurs or is under consideration, until the date of legal disclosure;
(4) Other periods stipulated by the stock exchange.
The vesting arrangements for the restricted shares of the initial grant under this incentive plan are as follows: