The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Important Content Reminder:
- Number of participants in this vesting: 331
- Number of shares vested (adjusted): 733,604 shares
- Grant price (adjusted): 10.63 yuan/share
- Source of underlying shares: Company A shares repurchased from the secondary market
- Listing date for vested shares: May 27, 2026
Shenzhen Entropy Technology Co., Ltd. (hereinafter referred to as "the Company") has recently completed the registration of shares for the first vesting period of the 2025 Restricted Stock Incentive Plan (hereinafter referred to as "the Incentive Plan"). The relevant situation is announced as follows:
I. Overview of the 2025 Restricted Stock Incentive Plan and Related Approval Procedures
(1) 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 stock.
- Source of underlying shares: Company A shares issued to incentive objects and/or repurchased from the secondary market.
- Grant price (pre-adjustment): The grant price for the restricted stock under this Incentive Plan is 13.25 yuan/share.
- Number of incentive objects (pre-adjustment): The total number of incentive objects for the first grant of this Incentive Plan is 359, including directors, senior management, middle management, and core technical (business) backbones employed by the Company (including subsidiaries and holding subsidiaries, excluding independent directors and supervisors). The specifics are as follows:
| No. | Name | Nationality | Position | Number of Restricted Shares Granted (shares) | Proportion of Total Rights Granted | Proportion of Total Share Capital on Announcement Date |
|---|---|---|---|---|---|---|
| 1 | Fu Zhiqian | China | Director | 6,500 | 0.30% | 0.003% |
| 2 | Mu Wenting | China | Deputy General Manager | 7,150 | 0.33% | 0.004% |
| 3 | Su Yushu | Hong Kong | Core Business Backbone | 20,000 | 0.93% | 0.010% |
| 4 | Pek Weekeat | Singapore | Core Business Backbone | 10,000 | 0.47% | 0.005% |
| 5 | Yaoapetogbomartinagbassou | Togo | Core Business Backbone | 2,000 | 0.09% | 0.001% |
| Other middle management and core technical (business) backbones (354 persons) | 2,098,920 | 97.87% | 1.069% | |||
| Total | 2,144,570 | 100.00% | 1.092% |
Note:
- None of the above incentive objects have received shares exceeding 1% of the Company's total share capital at the time of the announcement of this Incentive Plan through all equity incentive plans during the effective period. The total number of underlying shares involved in all effective incentive plans does not exceed 20% of the Company's total share capital at the time of the announcement of this Incentive Plan.
- The above incentive objects do not include independent directors and supervisors of the Company.
- The above percentages are rounded results.