Group 1 - The company announced the approval of a restricted stock incentive plan for 58 recipients, granting a total of 1.356553 million shares at a price of 3.96 yuan per share [1] - The board meeting and supervisory board meeting were held on September 2, 2025, to review and approve the stock grant proposal [1] - The grant date for the restricted stock is set for September 2, 2025 [1]

Group 1 - The company announced the approval of adjustments to the 2025 restricted stock incentive plan during the eighth meeting of the fourth board of directors [1] - The company also approved the proposal to grant restricted stocks to the incentive targets under the 2025 restricted stock incentive plan [1]

Group 1 - The company announced the approval of adjustments to the 2025 restricted stock incentive plan during the eighth meeting of the fourth supervisory board [2] - The company also approved the proposal to grant restricted stocks to the incentive targets under the 2025 restricted stock incentive plan [2]

Core Viewpoint - The legal opinion letter issued by Shanghai Jinghe Law Firm confirms that the adjustments and grants related to the 2025 Restricted Stock Incentive Plan of Youcai Environmental Resources Technology Co., Ltd. have obtained necessary approvals and comply with relevant laws and regulations [2][15]. Group 1: Approval and Authorization - The company has completed necessary procedures for the adjustment and implementation of the incentive plan, including the approval of relevant proposals by the board and committees [6][8]. - The incentive plan's content aligns with the provisions of the Company Law, Securities Law, and other relevant regulations, ensuring no harm to the interests of the company and its shareholders [8][11]. Group 2: Adjustment Details - One participant in the incentive plan was disqualified due to stock trading behavior prior to the public disclosure of the plan, leading to a reduction in the number of participants from 59 to 58 and a decrease in the total number of restricted shares from 1.371553 million to 1.356553 million [8][12]. - Other aspects of the incentive plan remain consistent with the content approved at the company's first extraordinary general meeting of 2025 [9]. Group 3: Grant Details - The grant date for the incentive plan is set for September 2, 2025, with a total of 1.356553 million restricted shares to be granted at a price of 3.96 yuan per share to 58 eligible participants [12][13]. - The conditions for granting the shares have been confirmed to be met, ensuring compliance with relevant laws and regulations [14][15].

Group 1 - The company has allocated a total of 135.6553 million restricted stocks, which accounts for 100% of the granted restricted stocks and 0.4156% of the total share capital as of the announcement date of the incentive plan [1] - The total number of stocks granted to core technical (business) personnel does not exceed 10% of the company's total share capital at the time of the announcement of the incentive plan [2]

Core Points - The company has approved the grant of 1,356,553 restricted shares to 58 incentive targets at a price of 3.96 CNY per share on September 2, 2025 [1][11] - The incentive plan has undergone necessary approvals and conditions have been met for the grant [6][11] - The total cost of the granted restricted shares is estimated to be approximately 5.5078 million CNY, which will be amortized over the relevant years [9][10] Summary by Sections 1. Overview of the Incentive Plan - The incentive plan was approved by the board on August 11, 2025, and by the shareholders on August 28, 2025 [1][6] - The plan targets directors, senior management, and core technical personnel, representing 4.70% of the total workforce as of June 30, 2025 [1] 2. Grant Details - The total number of restricted shares granted is 1,356,553, with a grant price of 3.96 CNY per share [1][9] - The grant date is set for September 2, 2025 [1][11] 3. Vesting Schedule - The vesting of the restricted shares is structured over four periods, with 25% of the shares vesting at the end of each period [2][4] - The first vesting period starts 12 months after the grant date [2] 4. Performance Assessment - The performance assessment for the incentive targets will be conducted annually from 2026 to 2029, with specific net profit growth targets set for each year [4][5] - If the performance targets are not met, the shares will not be released, and the company will repurchase them at the grant price plus interest [5][10] 5. Adjustments and Compliance - The number of incentive targets was adjusted from 59 to 58 due to compliance issues with one target's stock trading behavior [8][9] - The company has confirmed that all necessary legal and procedural requirements have been met for the incentive plan [11]

Core Viewpoint - The company has adjusted its 2025 Restricted Stock Incentive Plan, reducing the number of incentive recipients from 59 to 58 and decreasing the total number of shares granted from 1.371553 million to 1.356553 million due to compliance issues with stock trading by one of the incentive recipients [1][3][4] Summary by Sections Approval Procedures - The company held its fourth board meeting and the eighth supervisory board meeting on September 2, 2025, where it approved the adjustment of the 2025 Restricted Stock Incentive Plan [1] - The board reviewed and approved the draft of the incentive plan and its management measures, along with the authorization for the board to handle related matters [1][2] Adjustment Details - During the self-inspection period from February 11, 2025, to August 11, 2025, four incentive recipients were found to have traded company stock [2] - Three recipients traded based on their own market judgment before knowing about the incentive plan, while one recipient traded after being aware of the plan but claimed limited knowledge of its specifics [2][3] - The company decided to cancel the qualification of the one recipient who traded after being informed of the plan [3] Impact of Adjustments - The adjustments will not have a substantial impact on the company's financial status or operational results [3][4] Opinions from Committees - The Compensation and Assessment Committee and the Supervisory Board both agreed that the adjustments comply with relevant laws and regulations and do not harm the interests of the company or its shareholders [4] Legal Opinion - The legal opinion from Shanghai Jinghe Law Firm confirmed that the adjustments and grants have obtained necessary approvals and comply with relevant regulations [4]

Group 1 - The company held its fourth board meeting on September 2, 2025, with all seven directors present, complying with legal and procedural requirements [1] - The board approved the adjustment of the 2025 restricted stock incentive plan, reducing the number of incentive recipients from 59 to 58, resulting in a total of 1,356,553 shares being granted instead of 1,371,553 shares [1][2] - The board also approved the grant of restricted stock to the 58 incentive recipients at a price of 3.96 yuan per share, with the grant date set for September 2, 2025 [2]

Group 1 - The company held its fourth supervisory board meeting on September 2, 2025, with all three supervisors present, achieving a 100% attendance rate [1][2] - The supervisory board unanimously approved the adjustment of the 2025 restricted stock incentive plan, with a voting result of 3 votes in favor, 0 against, and 0 abstentions [1][2] - The company will grant a total of 1.356553 million shares of restricted stock at a price of 3.96 yuan per share to 58 incentive recipients, effective from the first grant date of September 2, 2025 [2]

Group 1 - The company, Youcai Resources, announced the convening of its fourth board meeting on September 2, 2025, to discuss adjustments to the 2025 restricted stock incentive plan [1] - For the first half of 2025, Youcai Resources reported that 99.22% of its revenue came from the textile chemical fiber industry, while other businesses accounted for 0.78% [1] - As of the report, Youcai Resources has a market capitalization of 2.6 billion yuan [1]