Stock Abbreviation: Yifan Transmission
Stock Code: 301023
Wuxi Jiangnan Yifan Power Transmission Technology Co., Ltd.
2026 Restricted Stock Incentive Plan
(Draft) Summary
July 2026
Statement
The Company and all members of the Board of Directors guarantee that the contents of this announcement do not contain any false records, misleading statements, or major omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of its contents.
All incentive recipients 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 grant or vesting arrangements of equity, 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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This 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 Shenzhen Stock Exchange GEM Stock Listing Rules, the Shenzhen Stock Exchange GEM Listed Company Self-Regulatory Guidelines No. 1 — Business Handling, and other relevant laws, regulations, and normative documents, as well as the Articles of Association of Wuxi Jiangnan Yifan Power Transmission Technology 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 underlying stock is the RMB A-share common stock of Wuxi Jiangnan Yifan Power Transmission Technology Co., Ltd. (hereinafter referred to as the "Company") issued specifically to the incentive recipients.
Incentive recipients who meet the grant conditions of this incentive plan will, upon satisfying the corresponding vesting conditions and arrangements, obtain the Company's newly 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 stock granted to the incentive recipients does not carry shareholder rights and may not be transferred, used for guarantees, or used to repay debts.
- The total amount of restricted stock intended to be granted under this incentive plan is 2.80 million shares, accounting for approximately 3.00% of the Company's total share capital of 93.3206 million shares at the time of the announcement of this draft incentive plan. Among them, 2.36 million shares are granted for the first time, accounting for 2.53% of the Company's total share capital on the announcement date of the draft incentive plan, and 84.29% of the total number of restricted shares granted this time; 0.44 million shares are reserved, accounting for 0.47% of the Company's total share capital on the announcement date of the draft incentive plan, and 15.71% of the total number of restricted shares granted this time.
As of the announcement date of this draft incentive plan, 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 cumulative number of the Company's shares granted to any single incentive recipient through all equity incentive plans within the validity period does not exceed 1% of the Company's total share capital.
- The grant price of the restricted stock under this incentive plan is 24.00 yuan/share.
During the period from the announcement date of this draft incentive plan to the completion of the registration of the restricted stock granted to the incentive recipients, if the Company undergoes capital reserve capitalization, stock dividends, stock splits, share consolidations, rights issues, or dividend distributions, the grant price and the number of equity interests of the restricted stock will be adjusted accordingly in accordance with this incentive plan.