Sanyou Lianzhong Group Co., Ltd.
2026 Restricted Stock Incentive Plan
(Draft) Summary
July 2026
Statement
The Board of Directors and all directors of the Company guarantee that the contents of this Incentive Plan and its summary do not contain any false records, misleading statements, or major omissions, and shall bear legal responsibility for the authenticity, accuracy, and completeness of its contents in accordance with the law.
All incentive targets of the Company promise: 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 vesting of equity, the incentive targets shall return all benefits obtained from this Incentive Plan to the Company after the relevant information disclosure documents are confirmed to contain such false records, misleading statements, or major omissions.
Special Notice
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The 2026 Restricted Stock Incentive Plan (hereinafter referred to as the "Incentive Plan" or "Plan") of Sanyou Lianzhong Group Co., Ltd. (hereinafter referred to as "Sanyou Lianzhong", "Company" or "this Company") is formulated by the Company 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 No. 1 for Self-Regulation of Listed Companies on the ChiNext Market—Business Handling, and other relevant laws, regulations, normative documents, and the Articles of Association of Sanyou Lianzhong Group Co., Ltd.
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The incentive tool adopted in this Incentive Plan is restricted stock (Type II restricted stock). The source of the stock is the Company's A-share common stock repurchased from the secondary market and/or issued by the Company to the incentive targets.
Incentive targets who meet the grant conditions of this Incentive Plan will, upon satisfying the corresponding vesting conditions and arrangements, obtain the Company's A-share common stock granted by the Company in batches during the vesting period. Such shares will be registered with the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. Before vesting, the restricted stock granted to the incentive targets does not carry shareholder rights and may not be transferred, used for guarantees, or used to repay debts.
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The total amount of restricted stock intended to be granted to incentive targets under this Incentive Plan shall not exceed 4.5 million shares (hereinafter referred to as "this Grant"), accounting for 1% of the Company's total share capital of 448,145,597 shares on the date of the announcement of the draft Incentive Plan. This Incentive Plan is a one-time grant with no reserved equity. 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 total number of shares granted to any single incentive target under all equity incentive plans within the validity period does not exceed 1% of the Company's total share capital.
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The grant price of the restricted stock to the incentive targets under this Incentive Plan is 5.36 yuan/share. From the date of the announcement of the draft Incentive Plan until the completion of the vesting of the restricted stock by the incentive targets, if the Company undergoes capital reserve conversion, stock dividends, share splits, rights issues, share consolidations, or dividend distributions, the grant price and quantity of the restricted stock will be adjusted accordingly in accordance with this Incentive Plan.
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The total number of incentive targets granted under this Incentive Plan is 107, including directors, senior management, middle management, core technical/business personnel, and other personnel deemed necessary by the Board of Directors who are employed by the Company (including branches and subsidiaries, the same below) at the time of the announcement of this Incentive Plan (excluding independent directors, shareholders or actual controllers who individually or collectively hold more than 5% of the shares, and their spouses, parents, and children).