Core Points - The company has approved the 2025 A-share restricted stock incentive plan and disclosed it on October 9, 2025 [1][8] - The incentive plan includes a list of eligible participants, which was publicly announced and internally verified [2][4] - The remuneration and assessment committee confirmed that all participants meet the legal and regulatory requirements [4][6] Group 1: Incentive Plan Details - The company held a board meeting on October 3, 2025, to review and approve the incentive plan draft [1][8] - The plan was publicly disclosed through designated media and the Shanghai Stock Exchange [2] - The list of incentive recipients was publicly announced on October 21, 2025, and no objections were received during the 10-day public notice period [2][4] Group 2: Verification Process - The remuneration and assessment committee verified the eligibility of the incentive recipients based on their qualifications and employment contracts [3][4] - The committee confirmed that all listed participants comply with the conditions set forth in relevant laws and regulations [4][6] Group 3: Insider Trading Self-Examination - The company conducted a self-examination of insider trading activities related to the incentive plan from April 9, 2025, to October 9, 2025 [9][11] - A total of 7 individuals were identified as having traded company stock during the examination period, with varying circumstances regarding their trades [11][12] - The company found no evidence of insider trading or information leakage related to the incentive plan [16]

Core Points - The board of directors of Xinjiang Zhongtai Chemical has approved the termination of the 2021 restricted stock incentive plan and the repurchase and cancellation of restricted stocks [1] - The decision was made during the second meeting of the Compensation and Assessment Committee on October 21, 2025, with unanimous agreement [1] - The committee stated that the termination and repurchase comply with relevant regulations and will not significantly impact the company's financial status or shareholder rights [1] Summary by Sections - **Termination of Incentive Plan** - The 2021 restricted stock incentive plan is being terminated and the related stocks will be repurchased and canceled [1] - The decision is part of a routine adjustment process for stock incentive plans in listed companies [1] - **Compliance and Impact** - The committee confirmed that the termination and repurchase are in accordance with the "Management Measures for Equity Incentives of Listed Companies" and the company's own incentive plan [1] - It was noted that this action will not have a major impact on the company's financial condition or the interests of all shareholders [1] - **Next Steps** - The matter will be submitted to the board of directors for further review, and subsequent developments will be announced [1][2]

Core Points - The company has decided to repurchase and cancel 40,000 shares of restricted stock due to a violation of laws and regulations by one of the incentive plan participants, resulting in the termination of their employment [1][2][3] - The total repurchase price for the canceled shares amounts to RMB 249,200 [1][3] - The company will recover the corresponding cash dividends for the repurchased shares [1] Summary by Sections Repurchase and Cancellation Details - The decision for the repurchase and cancellation was approved during the board and supervisory meetings held on August 27, 2025 [1][2] - The repurchase is based on the company's incentive plan, which stipulates that shares granted to individuals who violate laws or company policies must be canceled [2][3] - After the cancellation, the remaining shares under the incentive plan will total 140,000 [3] Legal and Compliance - The company has fulfilled the necessary legal procedures for notifying creditors regarding the repurchase [2] - The board confirmed that the decision-making process and disclosures comply with relevant laws and regulations [4] Impact on Share Structure - Following the repurchase, the company's share structure will be adjusted, but the final results will be confirmed by the securities registration company [3] - The repurchase will not significantly impact the company's financial status or operational results [4] Convertible Bond Information - The repurchase of restricted shares will not lead to an adjustment in the conversion price of the company's convertible bonds, which remains at RMB 41.71 per share [6][10] - The company issued 40 million convertible bonds in May 2022, with an initial conversion price of RMB 43.94 per share [6]

Core Viewpoint - The company conducted a self-examination regarding insider trading related to its 2025 stock incentive plan, confirming that no insider trading occurred during the review period [1][4]. Group 1: Examination Process - The company held its 13th meeting of the second board on September 26, 2025, to review the stock incentive plan [1]. - The examination included checking the trading activities of insider information recipients and incentive targets during the self-examination period from March 26, 2025, to September 26, 2025 [1][2]. - All examined individuals filled out the "Insider Information Recipient Registration Form" [2]. Group 2: Trading Activities - During the self-examination period, three individuals changed their shareholding status from restricted to unrestricted shares, which is not classified as trading [3]. - Seven incentive targets engaged in trading activities based on publicly disclosed information, without prior knowledge of the specific details of the incentive plan [3]. - Other individuals in the examination group did not engage in any trading activities during the self-examination period [4]. Group 3: Conclusion - The company adhered to relevant laws and regulations during the planning of the incentive program, ensuring confidentiality and limiting access to insider information [4]. - No evidence was found of insider trading or leakage of insider information related to the incentive plan [4]. Group 4: Reference Documents - The examination included documents such as the "Information Disclosure Obligations Holder Shareholding and Share Change Query Certificate" and "Shareholder Share Change Detail List" issued by China Securities Depository and Clearing Corporation Limited, Shenzhen Branch [5].

Core Viewpoint - The company has approved the 2025 Restricted Stock Incentive Plan and has publicly disclosed the list of incentive recipients, ensuring compliance with relevant laws and regulations [2][5]. Disclosure and Verification - The company disclosed the draft of the 2025 Restricted Stock Incentive Plan and related documents on September 10, 2025, on the Shanghai Stock Exchange website, and initiated a 10-day public notice period for feedback from employees [2][3]. - No objections were raised by employees regarding the list of recipients during the public notice period [3]. - The verification process included checking the names, identification documents, employment contracts, and positions of the incentive recipients [4]. Committee's Verification Opinion - The committee confirmed that the individuals listed as recipients meet the qualifications set forth by the Company Law and other relevant regulations, and their inclusion in the incentive plan is legally valid [5][6]. - The recipients of the incentive plan are core technical personnel and other individuals deemed necessary for motivation, excluding major shareholders and independent directors [6][7]. - The committee found no discrepancies or misleading information regarding the basic information of the recipients [6].

Core Viewpoint - The company has approved the list of incentive recipients for the 2025 restricted stock incentive plan, confirming compliance with relevant regulations and ensuring transparency in the process [1][4][6]. Group 1: Incentive Plan Details - The company held meetings on September 5, 2025, to approve the proposal for granting reserved restricted stocks to incentive recipients [1]. - The public announcement of the incentive recipients' names and positions was made from September 6 to September 15, 2025, through the company's internal website [1][2]. - The supervisory board confirmed that no objections were received during the public notice period [2]. Group 2: Supervisory Board Review - The supervisory board verified the identities and employment contracts of the incentive recipients, confirming that their information was accurate and complete [3]. - The board concluded that the recipients did not fall under any disqualifying conditions as outlined in the management regulations [5][6]. - The recipients included in the incentive plan do not include independent directors, supervisors, or major shareholders, ensuring compliance with legal requirements [6]. Group 3: Investor Relations and Performance - The company participated in an online investor meeting on September 15, 2025, to discuss its half-year performance and engage with investors [7][8]. - The net cash flow from operating activities increased by 8.25 million yuan compared to the same period last year, attributed to reduced labor and material costs [10]. - The company aims to enhance its market presence and explore potential overseas market opportunities while focusing on its core business [12].

Core Viewpoint - The legal opinion letter from Beijing Jiayuan Law Firm confirms the achievement of the first vesting conditions and the cancellation of certain restricted stocks under the 2023 incentive plan of Beijing Hekang New Energy Technology Co., Ltd. [1][9] Group 1: Approval and Authorization - The company has completed necessary procedures for the approval and authorization of the vesting and cancellation of restricted stocks as per relevant laws and regulations [3][4]. - The board of directors approved the relevant proposals regarding the vesting conditions and the cancellation of unvested restricted stocks [4][9]. Group 2: Vesting Conditions - The first vesting period for the reserved grant starts from the grant date and lasts until the last trading day within 24 months [5]. - The vesting conditions include achieving specific financial performance targets, such as a minimum revenue growth of 10% compared to 2022 for the first vesting period [7]. Group 3: Cancellation of Restricted Stocks - A total of 172,500 shares of restricted stocks will be canceled due to the departure of 16 incentive targets and one target failing to meet the first vesting period's assessment criteria [8][9]. - The cancellation aligns with the provisions of the incentive plan and relevant regulations [9].

Group 1 - The company announced the approval of the 2025 Restricted Stock Incentive Plan and the list of incentive objects during the board meeting held on August 12, 2025 [1][2] - The public announcement period for the incentive plan was from August 14, 2025, to August 23, 2025, allowing employees to provide feedback [2] - The compensation committee received no objections from employees regarding the proposed list of incentive objects by the end of the public announcement period [2] Group 2 - The compensation committee confirmed that all individuals listed as incentive objects meet the qualifications set forth by relevant laws and regulations [3] - The incentive plan excludes independent directors, supervisors, and shareholders or actual controllers holding more than 5% of the company's shares [3] - The committee deemed the inclusion of the listed personnel in the incentive plan as legal and valid [3]

Core Viewpoint - The legal opinion letter confirms the invalidation of the unvested restricted stock from the 2022 incentive plan of Zhuzhou Huari Precision Tools Co., Ltd. due to unmet performance criteria [1][8]. Summary by Sections Approval and Authorization of the Invalidation - The company has completed necessary procedures for the invalidation of the unvested restricted stock, including board meetings and independent director opinions [4][6][9]. - The independent directors and the supervisory board have provided their consent regarding the invalidation of the stock [5][7]. Specifics of the Invalidation - According to the incentive plan, if the company's performance does not meet the required thresholds during any vesting period, all corresponding restricted stocks will be invalidated [8]. - The audit report from Tianzhi International CPA confirms that the company did not meet the performance criteria for the fiscal year 2024, leading to the invalidation of the restricted stocks [8]. Disclosure Obligations - The company will disclose the board and supervisory board resolutions related to the invalidation in accordance with relevant regulations [8]. Conclusion - The legal opinion asserts that the invalidation of the unvested restricted stocks has received the necessary approvals and complies with applicable laws and regulations [9].

Core Viewpoint - The company has approved the 2025 Restricted Stock Incentive Plan and has publicly disclosed the list of initial incentive recipients, ensuring compliance with relevant regulations and internal governance [1][2][3]. Disclosure of Incentive Plan - The company held meetings on August 15, 2025, to review and approve the draft of the 2025 Restricted Stock Incentive Plan and its summary [1]. - The plan and the list of initial incentive recipients were publicly disclosed, allowing employees to provide feedback during a public comment period of no less than 10 days [2]. Verification by Compensation and Assessment Committee - The Compensation and Assessment Committee verified that the proposed incentive recipients meet the qualifications set forth in relevant laws and regulations, confirming their eligibility for the incentive plan [3][4]. - The committee found no objections from employees regarding the proposed incentive recipients during the public comment period [2]. Compliance with Regulations - All proposed incentive recipients are in compliance with the conditions outlined in the Management Measures and the Listing Rules, ensuring their legal and effective status as recipients of the restricted stock [3][4].