Declaration
The company and all members of the board of directors guarantee that the content of this incentive plan and its summary is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder
The terms in this section are consistent with those in the "Definitions" section.
- This incentive plan is formulated by the company in accordance with the Company Law, Securities Law, Incentive Management Measures, Stock Listing Rules, and other relevant laws, administrative regulations, rules, normative documents, and the Articles of Association.
- The incentive form adopted in this plan is the second type of restricted stock. The stock source is the company's ordinary shares (A shares) issued to the incentive objects. Incentive objects meeting the granting conditions will receive company A shares at the grant price after fulfilling the corresponding vesting conditions and arrangements. The restricted stocks granted to the incentive objects will not confer shareholder rights until they vest, and these stocks cannot be transferred, guaranteed, or used for debt repayment or similar disposals before vesting.
- The number of restricted stocks to be granted under this incentive plan is 1.848 million shares, accounting for approximately 1.18% of the company's total share capital of 15,607,800 shares as of the announcement date. Among them, 1.748 million shares will be granted initially, accounting for approximately 1.12% of the total share capital and 94.59% of the total restricted stocks to be granted; 100,000 shares are reserved, accounting for approximately 0.06% of the total share capital and 5.41% of the total restricted stocks to be granted. As of the announcement date, the total number of stocks involved in all effective equity incentive plans has not exceeded 20% of the company's total share capital. No individual incentive object has received more than 1% of the company's total share capital through all effective equity incentive plans.
- The initial grant of restricted stocks involves a total of 61 incentive objects, including directors, senior management, and core business/technical personnel employed by the company (including subsidiaries within the consolidated scope), excluding independent directors, shareholders holding 5% or more of the company's shares, or actual controllers and their spouses, parents, and children. The reserved incentive objects refer to those not yet determined at the time of shareholder approval but included during the plan's duration, which must be determined within 12 months after the plan is approved by the shareholders' meeting. The criteria for determining reserved incentive objects will refer to those for the initial grant.
- The grant price for the initially granted restricted stocks is 26.09 RMB per share. If the company undergoes capital reserve transfers, stock dividends, stock splits, consolidations, rights issues, or distributions during the period from the announcement of the incentive plan draft to the completion of the vesting registration of the restricted stocks granted to the incentive objects, the grant price and the number of rights will be adjusted accordingly.
- The validity period of this incentive plan is from the grant date of the restricted stocks to the date when all granted restricted stocks vest or become invalid, not exceeding 60 months.
- The initially granted restricted stocks will vest in three phases after 12 months from the grant date, with vesting ratios of 40%, 30%, and 30%, respectively. If the reserved restricted stocks are granted before the company's third-quarter report in 2026, they will vest in three phases after 12 months from the grant date, with the same ratios; if granted after the third-quarter report, they will vest in two phases, with ratios of 50% each. The performance assessment targets set at the company level for the restricted stocks granted under this incentive plan are as follows: