Fujian Yuanxiang New Materials Co., Ltd. Announcement No.: 2026-023
Important Content Reminder:
- The number of restricted stocks to be vested in this second category is 508,000 shares, accounting for 0.78% of the total share capital of Fujian Yuanxiang New Materials Co., Ltd. (hereinafter referred to as "the Company" or "Yuanxiang New Materials").
- Source of vested stocks: The Company issues A-share common stocks to the incentive objects.
On June 2, 2026, the Company held the tenth meeting of the fourth board of directors, which reviewed and approved the proposal regarding the achievement of vesting conditions for the third vesting period of the 2023 Restricted Stock Incentive Plan. The relevant matters are explained as follows:
I. Overview of the Equity Incentive Plan and Related Approval Procedures
(1) Overview of the Restricted Stock Incentive Plan
On May 30, 2023, the Company held its first extraordinary general meeting of shareholders in 2023, which reviewed and approved the proposal regarding the "Fujian Yuanxiang New Materials Co., Ltd. 2023 Restricted Stock Incentive Plan (Draft)" and its summary, among other related proposals. The Company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
The main contents of the incentive plan are as follows:
- Type of underlying stock: The Company's RMB common stock (A shares).
- Source of underlying stock: The Company issues RMB common stock (A shares) to the incentive objects.
- Grant price: RMB 15.11 per share.
- Incentive objects: The incentive objects of this plan are the directors, senior management, core management personnel, and core technical (business) personnel employed by the Company. The specific allocation is as follows:
| No. | Name | Nationality | Position | Granted Rights Quantity (10,000 shares) | Proportion of Total Granted Rights | Proportion of Total Share Capital on Announcement Date |
|---|---|---|---|---|---|---|
| 1 | Wang Chenghui | China | Chairman | 13.50 | 10.38% | 0.21% |
| 2 | Wang Fangke | China | Vice Chairman, Deputy General Manager | 11.00 | 8.46% | 0.17% |
| 3 | Wang Chengri | Singapore | Director, General Manager | 11.00 | 8.46% | 0.17% |
| 4 | Huang Chunrong | China | Director | 11.00 | 8.46% | 0.17% |
| 5 | Nie Zhiming | China | Director, Deputy General Manager, Board Secretary | 11.00 | 8.46% | 0.17% |
| 6 | Qiu Tangfu | China | Chief Financial Officer | 11.00 | 8.46% | 0.17% |
| Subtotal | 68.50 | 52.69% | 1.07% | |||
| Other Incentive Objects | Core Management Personnel, Core Technical (Business) Personnel (31 persons) | 61.50 | 47.31% | 0.96% | ||
| Total | 130.00 | 100.00% | 2.03% |