Stock Code: 301231 Stock Abbreviation: Rongxin Culture
Rongxin Education & Culture Industry Development Co., Ltd.
2026 Restricted Stock Incentive Plan
(Draft)
August 2026
Statement
The Company and all directors guarantee that the content of this announcement does 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 participants 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 participants shall return all benefits obtained from this incentive plan to the Company after such false records, misleading statements, or major omissions are confirmed.
Special Notice
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The "Rongxin Education & Culture Industry Development Co., Ltd. 2026 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as "this Incentive Plan") is formulated in accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Administrative Measures for Equity Incentives of Listed Companies," "Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange," "Self-Regulatory Guidelines for Listed Companies on the ChiNext Market No. 1 — Business Handling," and other relevant laws, regulations, and normative documents, as well as the "Articles of Association of Rongxin Education & Culture Industry Development 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 repurchased from the secondary market and/or A-share common stock issued to the participants.
Participants who meet the grant conditions may, upon satisfying the corresponding vesting conditions, obtain the Company's A-share common stock in batches during the vesting period at the grant price. Such shares will be registered with the Shenzhen Branch of China Securities Depository and Clearing Corporation. Before vesting, the restricted stock granted to participants does not carry shareholder rights and may not be transferred, used for guarantees, or used to repay debts.
- The total number of restricted shares to be granted under this Incentive Plan is 1.00 million shares, accounting for approximately 1.18% of the Company's total share capital of 84.40 million shares as of the announcement date of the draft. Among them, 800,000 shares are granted for the first time, accounting for 0.95% of the total share capital and 80.00% of the total shares to be granted. The reserved portion is 200,000 shares, accounting for 0.24% of the total share capital and 20.00% of the total shares to be granted.
As of the announcement date of this draft, 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 shares granted to any single participant under all equity incentive plans within the validity period does not exceed 1% of the Company's total share capital.
If the Company undergoes capital reserve capitalization, stock dividends, stock 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 shall be adjusted accordingly in accordance with the provisions of this Incentive Plan.
- The grant price of the restricted shares (including the reserved portion) under this Incentive Plan is 14.15 yuan/share.
If the Company undergoes capital reserve capitalization, stock dividends, stock splits, rights issues, share consolidations, or dividend distributions between the announcement date of this draft and the vesting of the restricted shares, the grant price shall be adjusted accordingly in accordance with the provisions of this Incentive Plan.