Securities Code: 301062 Bond Code: 123229 Securities Abbreviation: Shanghai Ailuo Bond Abbreviation: Ailuo Convertible Bond Announcement No.: 2026-003
Shanghai Ailuo Packaging Co., Ltd. Announcement on the Adjustment of the Initial Grant Price of the 2024 Restricted Stock Incentive Plan
The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
Shanghai Ailuo Packaging Co., Ltd. (hereinafter referred to as the "Company") held the 18th meeting of the Fourth Board of Directors on March 9, 2026, and reviewed and approved the "Proposal on Adjusting the Initial Grant Price of the 2024 Restricted Stock Incentive Plan." The Company agreed to adjust the price of the restricted shares initially granted under the 2024 restricted stock incentive plan in accordance with the relevant provisions of the "2024 Restricted Stock Incentive Plan (Draft)" and the "2024 Restricted Stock Incentive Plan Performance Management Measures." The specific details are as follows:
I. Relevant Approval Procedures for the Restricted Stock Incentive Plan
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On February 1, 2024, the Company held the 6th meeting of the Fourth Board of Directors and the 6th meeting of the Fourth Supervisory Board, and reviewed and approved the "Proposal on the <Shanghai Ailuo Packaging Co., Ltd. 2024 Restricted Stock Incentive Plan (Draft)> and its Summary" (hereinafter referred to as the "Incentive Plan (Draft) and its Summary"), the "Proposal on the <Shanghai Ailuo Packaging Co., Ltd. 2024 Restricted Stock Incentive Plan Performance Management Measures>", the "Proposal to Authorize the Board of Directors to Handle Matters Related to the Company's 2024 Restricted Stock Incentive Plan by the Shareholders' Meeting," and the "Proposal to Verify the <List of Incentive Recipients for Shanghai Ailuo Packaging Co., Ltd. 2024 Restricted Stock Incentive Plan>." The Company's Supervisory Board issued a verification opinion on the matters involved in these proposals, and Grandall Legal Group (Shanghai) issued a legal opinion on the matters involved in these proposals.
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On February 2, 2024, the Company disclosed the "Report of Independent Directors of Shanghai Ailuo Packaging Co., Ltd. on Soliciting Proxy Rights" (Announcement No.: 2024-009) on the information disclosure website Juchao Information Network (www.cninfo.com.cn). On behalf of other independent directors, independent director Mr. Chen Jie, as the solicitor, solicited voting rights from the Company's shareholders for the proposals related to the Company's 2024 Restricted Stock Incentive Plan to be reviewed at the First Extraordinary Shareholders' Meeting of 2024.
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From February 2, 2024, to February 18, 2024, the Company publicly disclosed the names and positions of the incentive recipients of this incentive plan internally. During the disclosure period, the Company's Supervisory Board did not receive any objections related to the incentive recipients of this incentive plan. On February 19, 2024, the Company disclosed the "Verification Opinion of the Supervisory Board of Shanghai Ailuo Packaging Co., Ltd. on the List of Incentive Recipients for the Company's 2024 Restricted Stock Incentive Plan and Public Disclosure Situation" (Announcement No.: 2024-012) on the information disclosure website Juchao Information Network (www.cninfo.com.cn).