Stock Code: 301319 Stock Abbreviation: Weiteou
Shenzhen Weiteou New Materials Co., Ltd.
2026 Stock Option and Restricted Stock Incentive Plan
(Draft) Summary
August 2026
Statement
The Company and all directors guarantee that the contents of this incentive plan and its summary contain no false records, misleading statements, or major omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of its contents.
All incentive recipients promise that if the Company is found to have false records, misleading statements, or major omissions in its information disclosure documents, resulting in non-compliance with the conditions 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 such errors.
Special Notice
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The "Shenzhen Weiteou New Materials Co., Ltd. 2026 Stock Option and Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan") is formulated 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," "Shenzhen Stock Exchange GEM Stock Listing Rules," "Shenzhen Stock Exchange GEM Listed Company Self-Regulatory Guidelines No. 1 — Business Handling," and other relevant laws, regulations, and normative documents, as well as the "Articles of Association of Shenzhen Weiteou New Materials Co., Ltd."
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The incentive tools adopted in this Incentive Plan are stock options and restricted shares (Type II restricted shares). The source of the shares is the Company's issuance of A-share common shares to the incentive recipients.
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The total number of equity units to be granted under this Incentive Plan is 1.30 million units/shares, accounting for approximately 0.7125% of the Company's total share capital at the time of the announcement of the draft. Of this, 1.04 million units/shares will be granted initially, accounting for approximately 0.5700% of the total share capital and 80.00% of the total equity units to be granted. The reserved portion is 0.26 million units/shares, accounting for approximately 0.1425% of the total share capital and 20.00% of the total equity units to be granted.
Stock Option Incentive Plan: The Company intends to grant 1.04 million stock options to the incentive recipients, accounting for approximately 0.5700% of the total share capital. Of this, 0.832 million units will be granted initially, accounting for approximately 0.4560% of the total share capital and 80.00% of the total options to be granted. The reserved portion is 0.208 million units, accounting for approximately 0.1140% of the total share capital and 20.00% of the total options to be granted.
Restricted Stock Incentive Plan: The Company intends to grant 0.26 million restricted shares to the incentive recipients, accounting for approximately 0.1425% of the total share capital. Of this, 0.208 million shares will be granted initially, accounting for approximately 0.1140% of the total share capital and 80.00% of the total restricted shares to be granted. The reserved portion is 0.052 million shares, accounting for approximately 0.0285% of the total share capital and 20.00% of the total restricted shares to be granted.
The second exercise period of the initial grant and the first exercise period of the reserved grant under the Company's 2024 Stock Option Incentive Plan are currently in the independent exercise phase. The Company's total share capital may change during this period; therefore, the calculation is based on the total share capital of 182.457275 million shares as of July 31, 2026.
The 2024 Stock Option Incentive Plan, approved by the Company's 2024 Second Extraordinary General Meeting, is still being implemented. After the implementation of this Incentive Plan, the total number of underlying shares involved in all of the Company's effective equity incentive plans shall not exceed 20% of the total share capital on the date of the announcement of this Incentive Plan. The total number of company shares granted to any single incentive recipient through all effective equity incentive plans shall not exceed 1% of the total share capital on the date of the announcement of this Incentive Plan.