Stock Abbreviation: Tongfei Shares Stock Code: 300990
Sanhe Tongfei Refrigeration Co., Ltd. Third Restricted Stock Incentive Plan (Draft) Summary
Sanhe Tongfei Refrigeration Co., Ltd. June 2026
Statement
The Company and all directors guarantee that this incentive plan and its summary contain no false records, misleading statements, or major omissions, and assume individual and joint legal liability for their truthfulness, accuracy, and completeness.
All incentive targets of the Company promise that if the Company fails to meet the conditions for granting or vesting of rights and interests due to false records, misleading statements, or major omissions in information disclosure documents, 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 false records, misleading statements, or major omissions.
Special Notice
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The "Sanhe Tongfei Refrigeration Co., Ltd. Third Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as "this Incentive Plan") is formulated by Sanhe Tongfei Refrigeration Co., Ltd. (hereinafter referred to as 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 "Shenzhen Stock Exchange GEM Stock Listing Rules", the "Shenzhen Stock Exchange GEM Listed Company Self-Regulatory Guidelines No. 1 — Business Handling" and other laws, regulations, normative documents, and the "Articles of Association of Sanhe Tongfei Refrigeration Co., Ltd.".
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The incentive tool adopted by this Incentive Plan is restricted stock (Type II restricted stock). The source of the stock is the Company's targeted issuance of A-share common stock to the incentive targets.
Incentive targets who meet the grant conditions of this Incentive Plan will, after meeting the corresponding vesting conditions and arrangements, obtain the Company's additionally issued A-share common stock 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 shares granted to the incentive targets do not enjoy shareholder rights, and such restricted shares may not be transferred, used for guarantees, or used to repay debts.
- The number of Type II restricted shares proposed to be granted under this Incentive Plan is 3.34 million shares, accounting for approximately 1.95% of the Company's total share capital of 171.21659 million shares at the time of the announcement of this Incentive Plan draft. Among them, 2.6774 million shares are granted for the first time, accounting for approximately 1.56% of the Company's total share capital at the time of the announcement of the draft, and 80.16% of the total equity proposed to be granted; 0.6626 million shares are reserved, accounting for approximately 0.39% of the Company's total share capital at the time of the announcement of the draft, and 19.84% of the total equity proposed to be granted.
As of the date of the announcement of this Incentive Plan draft, the cumulative number of company shares involved in all of the Company's equity incentive plans within the validity period does not exceed 20.00% of the Company's total share capital; the cumulative number of company shares granted to any single incentive target through all equity incentive plans within the validity period does not exceed 1.00% of the Company's total share capital.
- The grant price of the restricted shares granted for the first time under this Incentive Plan is 49.20 yuan/share. The grant price of the reserved restricted shares is the same as the grant price of the restricted shares granted for the first time.