Stock Code: 301358 Stock Abbreviation: Hunan Yuneng Announcement No.: 2026-045
Hunan Yuneng New Energy Battery Material Co., Ltd. Announcement on the Achievement of Vesting Conditions for the Second Vesting Period of the Initial Grant and the First Vesting Period of the Reserved Grant under the 2024 Restricted Stock Incentive Plan
Important Content Tips:
- Number of eligible participants meeting vesting conditions: 306 (62 participants overlap between the initial grant and the reserved grant). Among them, 260 are from the initial grant and 108 are from the reserved grant.
- Number of Class II restricted shares to be vested: 4.391444 million shares, accounting for 0.5207% of the company's current total share capital. Among them, 3.292980 million shares are from the initial grant and 1.098464 million shares are from the reserved grant.
- Source of shares: A-share common shares of the company issued by the company to the incentive participants.
- After the relevant procedures for the vested restricted shares are completed, the company will issue a relevant reminder announcement. Investors are advised to pay attention.
Hunan Yuneng New Energy Battery Material Co., Ltd. (hereinafter referred to as the "Company" or "Hunan Yuneng") held the 22nd meeting of the second session of the Board of Directors on June 22, 2026, and deliberated and approved the "Proposal on the Achievement of Vesting Conditions for the Second Vesting Period of the Initial Grant and the First Vesting Period of the Reserved Grant under the 2024 Restricted Stock Incentive Plan". In accordance with the "Administrative Measures for Equity Incentives of Listed Companies" (hereinafter referred to as the "Administrative Measures") and the Company's "2024 Restricted Stock Incentive Plan (Draft Revision)" (hereinafter referred to as the "Incentive Plan") and other relevant regulations, the Board of Directors agreed to handle the vesting of the second vesting period for the Class II restricted shares (hereinafter referred to as "restricted shares") granted initially under the 2024 Restricted Stock Incentive Plan (hereinafter referred to as the "Incentive Plan") for eligible participants, and to handle the vesting of the first vesting period for the restricted shares granted under the reserved grant for eligible participants, as follows:
1. Summary of the Implementation of the Equity Incentive Plan
(1) Brief Description of the Incentive Plan
On May 15, 2024, the Company held the 2023 Annual General Meeting of Shareholders, which deliberated and approved the "Incentive Plan" and its summary. The main contents are as follows:
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Incentive tools and source of shares: The incentive tool adopted in this Incentive Plan is Class II restricted shares. The underlying shares involved are A-share common shares of the Company issued by the Company to the incentive participants and/or A-share common shares of the Company repurchased by the Company from the secondary market.
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Number of restricted shares granted: The total number of restricted shares proposed to be granted under this Incentive Plan is 15.14506 million shares, accounting for approximately 2.00% of the Company's total share capital of 75.725307 million shares at the time of the announcement of the Incentive Plan draft. Among them, the total number proposed to be granted initially is no more than 12.38210 million shares, accounting for approximately 1.64% of the Company's total share capital of 75.725307 million shares at the time of the announcement of the Incentive Plan draft, and the initial grant portion accounts for 81.76% of the total equity granted this time; 2.76296 million shares are reserved, accounting for approximately 0.36% of the Company's total share capital of 75.725307 million shares at the time of the announcement of the Incentive Plan draft, and the reserved portion accounts for 18.24% of the total equity granted this time.