Stock Code: 301251 Stock Abbreviation: Well-High
Jiangxi Well-High Electronics Co., Ltd.
2026 Restricted Stock Incentive Plan
(Draft)
July 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 assume legal responsibility for the authenticity, accuracy, and completeness of its content.
All incentive recipients of the Company promise that if the Company's information disclosure documents contain false records, misleading statements, or major omissions, resulting in non-compliance with the arrangements for granting or exercising rights, 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 false records, misleading statements, or major omissions.
Special Notice
-
The "Jiangxi Well-High Electronics Co., Ltd. 2026 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan") is formulated by Jiangxi Well-High Electronics Co., Ltd. (hereinafter referred to as the "Company") 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," "Guidelines for Self-Regulation of Listed Companies on the ChiNext Market of the Shenzhen Stock Exchange No. 1 — Business Handling," and other relevant laws, regulations, normative documents, and the "Articles of Association of Jiangxi Well-High Electronics Co., Ltd."
-
The incentive tool 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 issued to the incentive recipients and/or the Company's A-share common stock repurchased from the secondary market.
Incentive recipients who meet the grant conditions of this Incentive Plan may obtain the Company's A-share common stock in installments at the grant price after meeting the corresponding vesting conditions and vesting arrangements. These shares will be registered with the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. Before the vesting of the restricted stock granted to the incentive recipients, they do not enjoy the rights of company shareholders and may not transfer, use for guarantees, or repay debts, etc.
- The total amount of restricted stock proposed to be granted to incentive recipients under this Incentive Plan is 4.00 million shares, accounting for approximately 2.12% of the Company's total share capital of 188.564086 million shares on the announcement date of the Incentive Plan draft. Among them, 3.586 million shares are granted for the first time, accounting for approximately 1.90% of the Company's total share capital on the announcement date of the Incentive Plan draft, and 89.65% of the total restricted stock proposed to be granted under this Incentive Plan; 0.414 million shares are reserved, accounting for approximately 0.22% of the Company's total share capital on the announcement date of the Incentive Plan draft, and 10.35% of the total restricted stock proposed to be granted under this Incentive Plan.
As of the announcement date of this Incentive Plan draft, the "2024 Restricted Stock Incentive Plan (Draft)" approved by the Company's 2024 Second Extraordinary General Meeting and the "2025 Restricted Stock Incentive Plan (Draft)" approved by the 2025 First Extraordinary General Meeting are still being implemented. 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 company shares granted to any one incentive recipient through all equity incentive plans within the validity period does not exceed 1% of the Company's total share capital.