Announcement on the Achievement of Vesting Conditions for the First Vesting Period of the 2025 Restricted Stock Incentive Plan
The company and all members of the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and do not contain any false records, misleading statements, or major omissions.
Key Information Prompt:
- Number of individuals eligible for vesting this time: 332
- Number of shares eligible for vesting this time (adjusted): 734,774 shares
- Vesting price this time (adjusted): 10.63 RMB/share
- Source of underlying shares: Company A ordinary shares repurchased from the secondary market
- The restricted shares to be vested this time will be subject to a separate announcement after the relevant procedures are completed and before they are listed and circulated. Investors are kindly requested to pay attention.
On April 21, 2026, Entropy Technology Co., Ltd. (hereinafter referred to as the "Company") held its second meeting of the fourth board of directors, which reviewed and approved the "Proposal on the Achievement of Vesting Conditions for the First Vesting Period of the 2025 Restricted Stock Incentive Plan." The relevant matters are hereby explained as follows:
I. Brief Overview of the 2025 Restricted Stock Incentive Plan and Related Approval Procedures
(I) Brief Overview of the Incentive Plan
The "2025 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan" or "this Incentive Plan") has been reviewed and approved by the Company's First Extraordinary General Meeting of Shareholders in 2025. The main contents are as follows:
- Incentive Tool: Class II restricted shares.
- Source of Underlying Shares: Company A ordinary shares issued by the company to incentive recipients or Company A ordinary shares repurchased from the secondary market.
- Grant Price (Pre-adjustment): The grant price of restricted shares under this incentive plan is 13.25 RMB/share.
- Incentive Recipients (Pre-adjustment): The total number of incentive recipients for the initial grant under this incentive plan is 359.
This announcement includes the incentive recipients who were serving as directors, senior management, middle management, and core technical (business) backbones of the company (excluding independent directors and supervisors) at the time of the announcement (including its subsidiaries and holding subsidiaries). The details are as follows: