Stock Code: 301000 Stock Abbreviation: Zhaomin Technology
Bond Code: 123275 Bond Abbreviation: Zhaomin Convertible Bonds
Shanghai Zhaomin New Material Technology Co., Ltd.
2026 Restricted Stock Incentive Plan (Draft) Summary
August 2026
Declaration
The Company and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements, or major omissions, and bear legal responsibility for the authenticity, accuracy, and completeness of its contents.
All incentive recipients of the Company undertake that if the Company fails to meet the conditions for granting or exercising rights due to false records, misleading statements, or major omissions in information disclosure documents, the incentive recipients 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 "Shanghai Zhaomin New Material Technology Co., Ltd. 2026 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan") 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 "Listing Rules for Growth Enterprise Market of Shenzhen Stock Exchange," the "Guidelines No. 1 for Self-Regulation of Listed Companies on the Growth Enterprise Market — Business Handling," and other relevant laws, regulations, and normative documents, as well as the "Articles of Association of Shanghai Zhaomin New Material Technology Co., Ltd."
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The incentive instrument adopted in this Incentive Plan is restricted stock (Type II restricted stock). The source of the shares is the Company's A-share common stock issued directly to the incentive recipients.
Incentive recipients who meet the grant conditions of this Incentive Plan may obtain the Company's A-share common stock in batches at the grant price after meeting the corresponding vesting conditions. Such shares will be registered with the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. Before the vesting of the restricted shares, the incentive recipients do not enjoy the rights of company shareholders and may not transfer, pledge, or use them to repay debts.
- The total number of restricted shares to be granted under this Incentive Plan is 818,000 shares, accounting for approximately 0.34% of the Company's total share capital of 243,220,636 shares as of the announcement date of this draft. Among them, 658,000 shares are granted for the first time, accounting for approximately 0.27% of the total share capital and 80.44% of the total shares to be granted. The reserved portion is 160,000 shares, accounting for approximately 0.07% of the total share capital and 19.56% of the total shares to be granted.
As of the announcement date of this draft, the 2024 Restricted Stock Incentive Plan approved by the 2024 Second Extraordinary General Meeting of Shareholders is still in effect, with a total of 1,496,000 restricted shares granted (including initial, reserved, and remaining reserved). The total number of underlying shares involved in all of the Company's equity incentive plans in effect does not exceed 20% of the Company's total share capital at the time of the announcement of this draft. The total number of company shares granted to any single incentive recipient through all equity incentive plans in effect 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 dividends, share splits, rights issues, or share consolidations between the announcement date of this draft and the vesting of the restricted shares, the number of restricted shares will be adjusted accordingly in accordance with the relevant provisions of this Incentive Plan.