Securities Code: 301121
Securities Abbreviation: Zijian Electronics
Announcement No.: 2026-027
Chongqing Zijian Electronics Co., Ltd.
Resolution Announcement of the Sixth Meeting of the Third Board of Directors
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Convening of the Board Meeting
The Sixth Meeting of the Third Board of Directors of Chongqing Zijian Electronics Co., Ltd. (hereinafter referred to as the "Company") was held on July 24, 2026, at the conference room of Guangdong Weiduli New Energy Co., Ltd. through on-site and written voting. The notice for this meeting was sent by special delivery and email on July 21, 2026.
Seven directors were eligible to attend, and seven directors attended. Messrs. Zhu Chuanqin, Zhang Ziliang, Tang Sixin, and Xu Hongcai attended the meeting via communication. The Company's Secretary of the Board and Chief Financial Officer attended the meeting.
The meeting was convened and presided over by Chairman Zhu Chuanqin. The notice, convening, holding, and voting procedures of this meeting comply with the relevant laws, administrative regulations, normative documents such as the "Company Law of the People's Republic of China," and the relevant provisions of the "Articles of Association of Chongqing Zijian Electronics Co., Ltd."
II. Deliberation of the Board Meeting
The following proposals were voted on and approved by ballot:
1.00 Proposal on Cancelling All Restricted Shares of the 2023 Restricted Stock Incentive Plan
Given that the first, second, and third vesting periods of the initial grant of the Company's 2023 Restricted Stock Incentive Plan (hereinafter referred to as the "2023 Incentive Plan") did not meet the company-level performance assessment targets, the Company has decided to cancel 847,100 shares of the initial grant of the 2023 Incentive Plan that were not vested.
In addition, the Company did not determine the incentive recipients for the reserved portion of the 2023 Incentive Plan within 12 months after the 2023 Second Extraordinary General Meeting of Shareholders deliberated and approved it. Therefore, 212,400 shares of the reserved portion of the 2023 Incentive Plan have been automatically cancelled and become void.
In summary, a total of 1,059,500 restricted shares from the 2023 Restricted Stock Incentive Plan have been cancelled in this instance.
The cancellation of the 2023 Incentive Plan complies with relevant laws, regulations, normative documents, and the "2023 Restricted Stock Incentive Plan (Draft)" of the Company. The decision-making process is legal and compliant, and it does not harm the interests of the Company and all shareholders. Therefore, the Board of Directors unanimously agreed to cancel all the second class restricted shares (totaling 1,059,500 shares) of the 2023 Incentive Plan.
This proposal has been reviewed and approved by the Compensation and Assessment Committee of the Board of Directors.
Voting results: 7 votes in favor; 0 votes against; 0 abstentions.
For detailed content, please refer to the relevant announcement disclosed by the Company on the same day on the Juchao Information Network (www.cninfo.com.cn).
2.00 Proposal on Cancelling Part of the Restricted Shares of the 2025 Restricted Stock Incentive Plan
Given that 16 incentive recipients of the 2025 Restricted Stock Incentive Plan (hereinafter referred to as the "2025 Incentive Plan") are no longer eligible for incentives due to personal reasons, the Company has decided to cancel a total of 31,500 restricted shares that have been granted but not yet vested. Furthermore, due to 3 incentive recipients of the 2025 Incentive Plan voluntarily withdrawing from the 2025 Incentive Plan due to personal reasons, the Company has decided to cancel a total of 31,400 restricted shares that have been granted but not yet vested.