Statement
The company and the board of directors ensure the truthfulness, accuracy, and completeness of the content of this incentive plan and its summary, without any false records, misleading statements, or major omissions.
Special Instructions
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The "2026 Restricted Stock Incentive Plan" (hereinafter referred to as "the Incentive Plan") is based on the "Securities Law" and the "Management Measures" of the Shenzhen Stock Exchange, and is subject to relevant laws, regulations, and the company's articles of association.
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The Incentive Plan allows for the issuance of restricted stocks, which are classified as a type of restricted stock. The sources of these restricted stocks are from the company's own shares or from the secondary market.
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This Incentive Plan proposes to grant a total of 310.00 million shares of restricted stock, approximately accounting for 3.00% of the company's total share capital of 10,325.84 million shares. The initial plan for restricted stocks is 248.00 million shares, accounting for 2.40% of the total share capital.
| Item | Amount |
|---|---|
| Total restricted stocks granted | 310.00 million shares |
| Total share capital | 10,325.84 million shares |
| Initial plan for restricted stocks | 248.00 million shares |
| Percentage of total share capital | 2.40% |
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The company will not grant any restricted stocks to individuals who hold more than 5% of the company's shares or their immediate family members.
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The company will ensure that the implementation of the Incentive Plan aligns with the company's long-term development strategy and objectives.
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The company will not grant any restricted stocks to individuals who are not in compliance with the relevant laws and regulations.
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The company will disclose the implementation of the Incentive Plan in accordance with the relevant regulations and will ensure transparency in the process.
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The company will not be responsible for any losses incurred by individuals due to the implementation of the Incentive Plan.
Definitions
Definitions
The following terms are defined as follows in this document:
| Term | Definition |
|---|---|
| The Company | Refers to Sinic-Tek Technology Co., Ltd. |
| The Incentive Plan | Refers to the 2026 Restricted Stock Incentive Plan |
| Restricted Stock | Refers to the type of restricted stock under this plan |
| Grant Date | Refers to the date when the restricted stocks are granted |
| Effective Period | Refers to the period during which the incentive plan is valid |
Purpose of the Incentive Plan
To further improve the company's governance structure, enhance the company's long-term development mechanism, attract and retain outstanding talents, and promote the company's core competitiveness. The plan aims to align the interests of the company and its shareholders, ensuring the realization of the company's development strategy and objectives.
Chapter Four: Determining the Scope and Basis for Incentive Objects
I. Basis for Determining Incentive Objects
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The basis for determining incentive objects is in accordance with the "Company Law," "Securities Law," "Management Measures," and relevant regulations of the "Guidelines for the Supervision of Listed Companies" and "Company Articles of Association," which define the scope of incentive objects based on actual conditions.
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The basis for determining the duties of incentive objects is that the incentive objects of this plan are the company's (controlling shareholder) directors, senior management personnel, core technical (business) personnel, and other employees. Those who meet the criteria for the incentive scope of this plan will be confirmed by the nomination committee.
The determination of incentive objects must comply with the relevant laws and regulations related to securities transactions.