Jin Kai (Liaoning) Life Technology Co., Ltd.
Announcement on the First Grant of Restricted Shares and Stock Options under the 2026 Restricted Share and Stock Option Incentive Plan to Incentive Grantees
The Company and all members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Key Information Prompt:
● Grant Date of Restricted Shares and Stock Options: July 27, 2026
● Grant Quantity of Restricted Shares and Stock Options: 2.07 million restricted shares, accounting for approximately 1.72% of the company's total share capital of 120.446669 million shares as of the announcement date of this incentive plan; 27,000 stock options, accounting for approximately 0.22% of the company's total share capital of 120.446669 million shares as of the announcement date of this incentive plan.
● Equity Incentive Method: Class II Restricted Shares and Stock Options
Jin Kai (Liaoning) Life Technology Co., Ltd. (hereinafter referred to as the "Company") has met the vesting conditions stipulated in the "2026 Restricted Share and Stock Option Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan"). Pursuant to the authorization of the Company's First Extraordinary General Meeting of Shareholders in 2026, the Company convened the Thirteenth Meeting of the Second Board of Directors on July 27, 2026, and deliberated and approved the "Proposal on the First Grant of Restricted Shares and Stock Options under the 2026 Restricted Share and Stock Option Incentive Plan to Incentive Grantees." The first grant date for the 2026 Restricted Share and Stock Option Incentive Plan was determined to be July 27, 2026. The grant price for restricted shares and the exercise price for the first grant of stock options will be RMB 15.13 per share. A total of 2.07 million restricted shares will be granted to 73 incentive grantees, and 27,000 stock options will be granted to 20 incentive grantees.
The relevant matters are hereby explained as follows:
I. Brief Introduction to the Incentive Plan
(I) Incentive Tools: Class II Restricted Shares and Stock Options.
(II) Source of Underlying Shares:
The source of restricted shares is the A-share ordinary shares issued by the Company to the incentive grantees on a targeted basis. Stock options do not involve actual company shares; they are based on virtual A-share ordinary shares of the Company as the underlying asset. One stock option corresponds to one virtual A-share ordinary share.
(III) Grant Price: The grant price for restricted shares under this Incentive Plan is RMB 15.13 per share. The exercise price for the first grant of stock options is the same as the grant price for restricted shares, which is RMB 15.13 per share.
(IV) Scope of Incentive Grantees and Grant Situation:
The total number of incentive grantees for the first grant under this Incentive Plan is 93. The incentive grantees include directors, senior management personnel, middle management personnel, and core business personnel of the Company (including its subsidiaries and holding subsidiaries).
(V) Term and Vesting Arrangement of this Incentive Plan
- Term of this Incentive Plan
The term of this Incentive Plan shall be from the grant date of the restricted shares/first stock options until all granted restricted shares are vested or become void due to expiration/all granted stock options are exercised or become void due to expiration, whichever is later, with a maximum term of 60 months.