Securities Code: 301308 Securities Abbreviation: Longview Announcement No.: 2026-014
Shenzhen Longview Electronics Co., Ltd. Announcement on Subsidiary's Equity Incentive and Waiver of Priority Capital Contribution Rights and Related Party Transaction
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
To further improve the Company's long-term incentive system, form a balanced value distribution model, establish targeted incentive mechanisms at the business unit/business segment level, motivate the enthusiasm and creativity of middle and senior management and business backbones, attract and retain management and business backbones, and promote the Company's leapfrog development, Shenzhen Longview Electronics Co., Ltd. (hereinafter referred to as the "Company") subsidiary Shanghai Yuanmingxin Microelectronics Technology Co., Ltd. (hereinafter referred to as "Yuanmingxin Micro") plans to implement an equity incentive through capital increase and share expansion.
The Company held the 17th meeting of the Third Board of Directors' Audit Committee and the 7th meeting of the Third Board of Directors' Independent Directors on February 28, 2026, and deliberated and approved the "Proposal on Subsidiary's Equity Incentive and Waiver of Priority Capital Contribution Rights and Related Party Transaction." On March 2, 2026, the 16th meeting of the Third Board of Directors deliberated and approved the aforementioned proposal. Director Wang Jingyang, a related party director, recused himself from voting. The specific details are hereby announced as follows:
I. Overview of the Transaction
(I) Overview of Capital Increase, Share Expansion, and Equity Incentive Implementation The Company's subsidiary, Yuanmingxin Micro, plans to implement an equity incentive for its designated core management personnel and other core employees through capital increase and share expansion. The aforementioned incentive recipients will participate in this equity incentive by directly holding Yuanmingxin Micro equity or indirectly holding equity through their stakes in two newly established partnerships (hereinafter referred to as "Employee Stock Ownership Plans").
According to the asset appraisal report issued by Shenzhen Sino-Enterprise Huasheng Land Real Estate Asset Appraisal Co., Ltd., as of September 30, 2025, Yuanmingxin Micro was valued at RMB 105 million. Before the implementation of this equity incentive, Yuanmingxin Micro's paid-in registered capital was RMB 200 million. The pre-investment valuation was determined to be RMB 105 million.
The valuation price for Yuanmingxin Micro's equity incentive plan is RMB 0.525 per RMB 1 of registered capital. The price for the reserved portion will, in principle, be consistent with the price of the initial grant. The actual payment amount will be calculated in conjunction with any relevant taxes and fees that may arise during the grant process.
To implement this equity incentive plan, Yuanmingxin Micro will increase its registered capital by RMB 8,580.00 million, accounting for 30.00% of the total share capital after the capital increase is completed.
(II) Related Party Relationship Description Among the incentive recipients, Mr. Ma Qingrong, Deputy General Manager of the Company, will participate in this equity incentive by directly holding Yuanmingxin Micro equity. The reserved incentive shares will be temporarily registered under the name of Mr. Wang Jingyang, a Director of the Company. According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" and other relevant laws and regulations and the "Articles of Association," this transaction constitutes a related party transaction but does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
II. Information on Related Parties
According to the relevant provisions of the "Shenzhen Stock Exchange GEM Stock Listing Rules," Mr. Wang Jingyang is a Director of the Company, and Mr. Ma Qingrong is a senior management member of the Company. They are natural persons related to the Company. Their basic information is as follows: