Stock Abbreviation: Xinhui Electronics
Stock Code: 301678
Xinhui Electronics Co., Ltd.
2026 Restricted Stock Incentive Plan
(Draft)
August 2026
Statement
The Company and all directors guarantee that this incentive plan and its summary do not contain any false records, misleading statements, or major omissions, and assume individual and joint legal responsibility for their authenticity, accuracy, and completeness.
Special Notice
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This incentive plan is formulated in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for Equity Incentives of Listed Companies, the Shenzhen Stock Exchange GEM Stock Listing Rules (2026 Revision), the Shenzhen Stock Exchange GEM Listed Company Self-Regulatory Guidelines No. 1 — Business Handling (2026 Revision), the Articles of Association of Xinhui Electronics Co., Ltd., and other relevant regulations.
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The incentive tool for this plan is restricted stock (Type II restricted stock). The source of the shares is the Company's issuance of A-share common stock to the participants.
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This plan intends to grant no more than 3.3 million restricted shares, accounting for approximately 1.378% of the Company's total share capital at the time of the announcement of this draft. Specifically, 2.965 million shares will be granted initially, accounting for approximately 1.238% of the total share capital and 89.85% of the total equity to be granted; 335,000 shares will be reserved, accounting for approximately 0.14% of the total share capital and 10.15% of the total equity to be granted. If the Company undergoes capital reserve conversion, stock dividends, stock splits, allotments, or share consolidations between the announcement date and the completion of the vesting of the restricted shares, the number of shares granted will be adjusted accordingly.
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The number of participants for the initial grant will not exceed 115 people, including directors, senior management, core technical personnel, core business personnel, and other personnel deemed necessary by the Board of Directors (including subsidiaries), excluding independent directors. Participants must meet the requirements of Article 8.4.2 of the Listing Rules and must not fall under any of the following circumstances:
(1) Being identified as an inappropriate candidate by a stock exchange in the last 12 months;
(2) Being identified as an inappropriate candidate by the CSRC or its local offices in the last 12 months;
(3) Having been subject to administrative penalties or market entry bans by the CSRC or its local offices in the last 12 months due to major violations of laws and regulations;
(4) Having circumstances prohibited from serving as a director or senior manager under the Company Law;
(5) Being prohibited from participating in equity incentives of listed companies by laws and regulations;
(6) Other circumstances recognized by the CSRC.
Participants for the reserved grant shall follow the same standards as the initial grant.
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The grant price for the initial and reserved restricted shares is 22.74 yuan per share. If the Company undergoes capital reserve conversion, stock dividends, stock splits, allotments, share consolidations, or dividend distributions between the announcement date and the completion of the vesting of the restricted shares, the grant price will be adjusted accordingly.
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The validity period of this incentive plan shall commence from the date of the initial grant of restricted shares until the date on which all restricted shares granted to the participants are vested or invalidated, with a maximum period of 60 months.