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 contents of this announcement do not contain any false records, misleading statements, or major omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of its contents.
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
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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," the "Securities Law of the People's Republic of China," the "Administrative Measures for Equity Incentives of Listed Companies," the "Shenzhen Stock Exchange GEM Stock Listing Rules," the "Shenzhen Stock Exchange GEM Listed Company Self-Regulatory Guidelines No. 1 — Business Handling," and other relevant laws, regulations, normative documents, and the "Articles of Association of Jiangxi Well-High Electronics 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 shares issued to the incentive recipients and/or the Company's A-share common shares repurchased from the secondary market.
Incentive recipients who meet the grant conditions of this Incentive Plan may obtain the Company's A-share common shares in batches 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 shares, the incentive recipients do not enjoy the rights of company shareholders and may not transfer, use as collateral, or repay debts with them.
- The total number of restricted shares to be granted 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 as of the announcement date of the draft Incentive Plan. Among them, 3.586 million shares will be granted for the first time, accounting for approximately 1.90% of the Company's total share capital as of the announcement date of the draft Incentive Plan, and 89.65% of the total restricted shares 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 as of the announcement date of the draft Incentive Plan, and 10.35% of the total restricted shares to be granted under this Incentive Plan.
As of the announcement date of the draft Incentive Plan, 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 in progress. 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 single incentive recipient through all equity incentive plans within the validity period does not exceed 1% of the Company's total share capital.
From the date of the announcement of the draft Incentive Plan to the vesting of the restricted shares granted to the incentive recipients, if the Company undergoes capital reserve conversion, stock dividends, share splits, rights issues, or share consolidations, the number of restricted shares will be adjusted accordingly in accordance with the relevant provisions of this Incentive Plan.