Securities Code: 301469
Securities Abbreviation: Hengda New Material
Announcement No.: 2026-033
Zhejiang Hengda New Material Co., Ltd.
Announcement on the First Grant of Restricted Shares to Incentive Objects under the 2026 Restricted Share Incentive Plan
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Notice:
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First Grant Date of Restricted Shares: July 24, 2026.
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Number of Restricted Shares Granted for the First Time: 1.5192 million restricted shares will be granted this time, including 0.22 million shares of Class I restricted shares and 129.92 million shares of Class II restricted shares.
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Grant Price of Restricted Shares for the First Time: The grant price for Class I restricted shares and Class II restricted shares is RMB 14.93 per share.
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Equity Incentive Method: Class I restricted shares and Class II restricted shares.
Zhejiang Hengda New Material Co., Ltd. (hereinafter referred to as the "Company") has met the conditions for the first grant of restricted shares stipulated in the "2026 Restricted Share Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan" or the "Plan"). Based on the authorization of the first extraordinary general meeting of shareholders in 2026, the Company held the eleventh meeting of the fourth Board of Directors on July 24, 2026, and deliberated and passed the "Proposal on the First Grant of Restricted Shares to Incentive Objects under the 2026 Restricted Share Incentive Plan". It was determined that July 24, 2026, would be the first grant date, and 1.5192 million restricted shares would be granted to 28 eligible incentive objects at a price of RMB 14.93 per share, including 0.22 million Class I restricted shares and 129.92 million Class II restricted shares. The specific matters are explained as follows:
I. Brief Introduction to the Incentive Plan
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Incentive Tool: The incentive tool adopted by this Incentive Plan is restricted shares (Class I restricted shares and Class II restricted shares).
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Source of Underlying Shares: The Company repurchased its A-share common stocks from the secondary market.
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Grant Price: The grant price for Class I restricted shares and Class II restricted shares under the first grant of this Incentive Plan is RMB 14.93 per share.
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Grant Recipients: The incentive objects for the first grant of this Incentive Plan are 28 individuals, including senior management personnel and other core employees working in the Company (including its subsidiaries). This excludes shareholders who individually or collectively hold 5% or more of the shares, or their beneficial owners, their spouses, parents, children, and foreign employees, and independent directors.
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Number of Shares Granted for the First Time: The total number of Class I and Class II restricted shares to be granted to the incentive objects for the first time shall not exceed 1.899 million shares, accounting for approximately 2.12% of the Company's total share capital at the time of the announcement of this Incentive Plan. The reserved grant of Class II restricted shares is 37,980 shares, accounting for approximately 0.42% of the Company's total share capital at the time of the announcement of this Incentive Plan, and approximately 20.00% of the total equity to be granted under this Incentive Plan. Among them, 0.22 million Class I restricted shares are granted for the first time, accounting for approximately 0.25% of the Company's total share capital at the time of the announcement of this Incentive Plan, and approximately 11.59% of the total restricted shares to be granted. There are no reserved Class I restricted shares. The first grant of 129.92 million Class II restricted shares accounts for approximately 1.45% of the Company's total share capital at the time of the announcement of this Incentive Plan, and approximately 68.41% of the total restricted shares to be granted.
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Lock-up Period, Vesting/Attribution Arrangement, and Performance Assessment
(1) Class I Restricted Shares
- Lock-up Period
The lock-up period and vesting schedule for the restricted shares under this Incentive Plan are as follows: