Suzhou Yinghua Special Vortex Technology Co., Ltd.
Announcement on the Achievement of Vesting Conditions for the First Vesting Period of Class II Restricted Shares under the 2024 Restricted Share Incentive Plan
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 material omissions.
Key Information Prompt:
-
The number of eligible employees for this vesting is 40.
-
The number of Class II restricted shares to be vested this time is 44,064 shares, accounting for 0.08% of the company's total share capital.
-
Source of vested shares: A-shares repurchased by the company from the secondary market.
-
Vesting price: ¥14.58 per share (adjusted).
-
Before the relevant procedures for the Class II restricted shares to be vested this time are completed and the shares are listed for circulation, the company will issue another notice. Investors are kindly requested to pay attention.
Suzhou Yinghua Special Vortex Technology Co., Ltd. (hereinafter referred to as the "Company") held the third meeting of the third Board of Directors on June 12, 2026, and deliberated and passed the "Proposal on the Achievement of Vesting Conditions for the First Vesting Period of Class II Restricted Shares under the 2024 Restricted Share Incentive Plan". The number of eligible employees for this vesting is 40, and the number of Class II restricted shares that can be applied for vesting is 44,064 shares, accounting for 0.08% of the company's total share capital. The relevant situation is hereby announced as follows:
I. Summary of the Implementation of the 2024 Restricted Share Incentive Plan for Class II Restricted Shares
(I) Brief Description of the Class II Restricted Share Portion of the Company's 2024 Restricted Share Incentive Plan
On September 13, 2024, the Company held the tenth meeting of the second Board of Directors and the tenth meeting of the second Supervisory Board. On September 30, 2024, the second extraordinary general meeting of shareholders in 2024 was held to deliberate and pass the "Proposal on the Company's <2024 Restricted Share Incentive Plan (Draft)> and its Summary" (hereinafter referred to as the "Incentive Plan" or "this Incentive Plan"). The main contents are as follows:
-
Incentive tool: Class II restricted shares;
-
Source of shares: A-shares repurchased by the company from the secondary market and/or A-shares of ordinary shares issued to the incentive recipients by the company.
-
Number of Class II restricted shares: The number of Class II restricted shares granted to incentive recipients under this incentive plan is 144,300 shares, accounting for 0.25% of the company's total share capital of 58,515,700 shares at the time of the announcement of the incentive plan draft, and 33.08% of the total equity to be granted under the incentive plan.
-
Price of Class II restricted shares: ¥15.60 per share (before adjustment).
-
Incentive recipients: The incentive recipients of Class II restricted shares granted under this incentive plan include middle-level management personnel and core technical (business) backbones employed by the Company (including subsidiaries).
| Name | Position | Number of Restricted Shares Granted (10,000 shares) | Proportion of Granted Shares to Total Granted Shares | Proportion of Granted Shares to Total Share Capital on the Announcement Date |
|---|---|---|---|---|
| Middle-level management personnel and core technical (business) backbones (41 people) | 14.43 | 33.08% | 0.25% | |
| Total | 14.43 | 33.08% | 0.25% |
- Validity period and vesting arrangement of restricted shares
(1) Validity period: The validity period of this incentive plan shall be from the date of grant of the Class II restricted shares to the date when all restricted shares granted to the incentive recipients are vested or become void, whichever is longer, not exceeding 54 months.
(2) The vesting proportion arrangement for each batch of Class II restricted shares granted under this incentive plan is as follows: