Securities Code: 301335
Securities Abbreviation: Tianyuan Pet
Announcement Number: 2026-049
Hangzhou Tianyuan Pet Products Co., Ltd.
Announcement on the Vesting Results and Share Listing of the Second Vesting Period of the First Tranche and the First Vesting Period of the Reserved Tranche of the 2024 Restricted Stock Incentive Plan
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Key Information Prompt:
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Vesting Date: July 7, 2026
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Number of Shares and Number of Recipients for Vesting: A total of 895,100 shares of Class II restricted stock will vest, accounting for 0.7053% of the Company's current total share capital. Of these, 643,500 shares are from the first tranche of the initial grant, and 251,600 shares are from the reserved tranche. A total of 72 recipients will vest, including 49 from the initial grant and 23 from the reserved tranche.
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Listing and Circulation Arrangements for Vested Shares: The listing and circulation date for the vested Class II restricted stock will be July 7, 2026. These shares will be freely tradable upon listing. For incentive recipients who are directors or senior management, their trading will be subject to relevant regulations.
Hangzhou Tianyuan Pet Products Co., Ltd. (hereinafter referred to as the "Company" or "This Company") held the 21st meeting of the Fourth Board of Directors on June 11, 2026, and deliberated and approved the "Proposal on Whether the Second Vesting Period of the First Tranche and the First Vesting Period of the Reserved Tranche of the 2024 Restricted Stock Incentive Plan Meet the Vesting Conditions." Recently, the Company has completed the vesting registration for the Class II restricted stock of the second vesting period of the first tranche and the first vesting period of the reserved tranche of the 2024 Restricted Stock Incentive Plan (hereinafter referred to as the "Incentive Plan" or "This Incentive Plan"). The relevant situation is hereby announced as follows:
I. Summary of the Implementation of This Incentive Plan
- Introduction to This Incentive Plan
The "2024 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan (Draft)") and its summary were deliberated and approved by the Company's First Extraordinary General Meeting of Shareholders in 2024, with the main contents as follows:
(1) Incentive Tool: Class II restricted stock;
(2) Source of Shares: Ordinary shares of Class A issued by the Company to incentive recipients;
(3) Number of Restricted Shares Granted: The total number of restricted shares to be granted under this Incentive Plan shall not exceed 3.15 million shares, accounting for 2.50% of the Company's total share capital of 126 million shares as of the announcement date of the Incentive Plan draft. Among them, the initial grant of restricted shares shall not exceed 2.58 million shares, accounting for approximately 2.05% of the Company's total share capital of 126 million shares as of the announcement date of the Incentive Plan draft, and approximately 81.90% of the total restricted shares to be granted under this Incentive Plan; the reserved tranche is 570,000 shares, accounting for approximately 0.45% of the Company's total share capital of 126 million shares as of the announcement date of the Incentive Plan draft, and approximately 18.10% of the total restricted shares to be granted under this Incentive Plan.
(4) Allocation of Restricted Shares Granted to Incentive Recipients: The total number of incentive recipients for the initial grant of this Incentive Plan shall not exceed 54, including directors, senior management, and other personnel whom the Board of Directors deems worthy of incentives, employed by the Company (including its subsidiaries, the same below) at the time of announcing this equity incentive plan. Incentive recipients do not include independent directors and supervisors. The allocation of restricted shares granted under this Incentive Plan among the incentive recipients is as follows (before adjustment):