Important Content Reminder:
- First authorization date of stock options: June 2, 2026
- Number of stock options granted: 14.81 million
- Number of recipients: 75
- Exercise price of stock options: 25.63 yuan per option
Shenzhen (Jiangsu) Technology Co., Ltd. (hereinafter referred to as "the Company" or "Lianjian Technology") held the 31st meeting of the fifth board of directors on June 2, 2026, to review and approve the proposal on the first grant of stock options to incentive objects under the 2026 Stock Option Incentive Plan. According to the "Management Measures for Equity Incentives of Listed Companies" (hereinafter referred to as "the Management Measures") and the "2026 Stock Option Incentive Plan (Draft)" (hereinafter referred to as "the Incentive Plan (Draft)"), as well as the authorization from the second extraordinary general meeting of shareholders in 2026, the board of directors believes that the conditions for the first grant of stock options under the 2026 Stock Option Incentive Plan (hereinafter referred to as "this Incentive Plan") have been met. The board agrees to set June 2, 2026, as the first authorization date and grant 14.81 million stock options to 75 incentive objects at an exercise price of 25.63 yuan per option. The relevant matters are announced as follows:
On May 28, 2026, the Company held the second extraordinary general meeting of shareholders in 2026, which reviewed and approved the "Incentive Plan (Draft)" and its summary, with the main content as follows:
- Incentive Tools and Source of Shares: The incentive tool adopted in this Incentive Plan is stock options, with shares sourced from the Company's repurchased A-shares in the secondary market and/or A-shares issued to incentive objects.
- Number of Stock Options Granted: The total number of stock options to be granted under this Incentive Plan is 16.8 million, accounting for approximately 9.15% of the Company's total share capital of 183,524,850 shares at the time of the announcement of the draft. The Company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Among these, the first grant consists of 15.2 million options, accounting for approximately 8.28% of the total share capital at the time of the announcement of the draft, and approximately 90.48% of the total rights to be granted under this Incentive Plan; the reserved grant consists of 1.6 million options, accounting for approximately 0.87% of the total share capital at the time of the announcement of the draft, and approximately 9.52% of the total rights to be granted under this Incentive Plan.
3. Exercise Price of Stock Options (including reserved): 25.63 yuan per option.
4. Incentive Objects and Distribution: The incentive objects for the first grant under this Incentive Plan shall not exceed 80 individuals, including directors, senior management, middle and senior management personnel, and core technical (business) backbones employed by the Company (including subsidiaries and holding subsidiaries), but excluding independent directors, shareholders holding 5% or more of the Company's shares individually or collectively, and their spouses, parents, and children. The distribution of stock options granted to the incentive objects is as follows: