Group 1 - The company held its 13th meeting of the third board of directors on February 4, 2026, to discuss the achievement of the first vesting conditions of the 2024 restricted stock incentive plan [2][3] - The board approved the proposal regarding the achievement of the first vesting conditions for the initial grant of restricted stock, allowing 60 eligible participants to vest a total of 909,800 shares at a price of 6.73 yuan per share [11][34] - The board also approved the proposal to cancel 193,550 shares of restricted stock that were granted but not vested due to the departure of two participants and performance results of three others [6][43] Group 2 - The incentive plan was initially approved on October 9, 2024, and included a total of 620,000 shares, with adjustments made to the grant price and quantity in September 2025 [25][42] - The vesting period for the first grant is set from January 30, 2026, to January 29, 2027, with specific performance targets established for both company-level and individual-level assessments [19][29] - The company confirmed that the vesting of restricted stock will not significantly impact its financial status or operational results, maintaining compliance with relevant regulations [35][44]

Group 1 - The company held its fourth board meeting on January 9, 2026, where it approved the adjustment of the grant price for the 2024 restricted stock incentive plan from 8.00 yuan per share to 7.90 yuan per share [1][30][34] - The board also approved the granting of 500,000 shares of reserved restricted stock to 45 incentive targets at the adjusted price of 7.90 yuan per share, with the grant date set for January 9, 2026 [4][10][18] - The decision to adjust the grant price was based on the completion of the company's annual equity distribution, which included a cash dividend of 0.1 yuan per share [14][34][36] Group 2 - The board confirmed that all necessary procedures and disclosures for the incentive plan had been followed, including approvals from the remuneration and assessment committee [2][11][37] - The company ensured that the incentive targets met all eligibility criteria as per relevant laws and regulations, and the list of targets was consistent with previous approvals [21][22][27] - The adjustment of the grant price is not expected to have a significant impact on the company's financial status or operational results [36][38]

Core Viewpoint - The company has decided to terminate the 2024 restricted stock incentive plan due to changes in the macroeconomic environment and the need for strategic upgrades, which do not align with the current development needs of the company [1] Group 1 - The company believes that the current restricted stock incentive plan cannot effectively motivate core employees to meet both their work goals and the company's development needs [1] - The decision includes the repurchase of all restricted stocks that have been granted but not yet released from the lock-up period, along with the cancellation of the ungranted portion of the 2024 plan [1] - All related documents, including the implementation assessment management methods for the 2024 restricted stock incentive plan, will also be terminated [1]

Core Viewpoint - The board of directors of Suzhou Sega Technology Co., Ltd. has approved the achievement of the first unlock condition for the restricted stock incentive plan, allowing 134 eligible participants to unlock a total of 2.09172 million shares, representing 0.83% of the company's total share capital [2][9][21]. Group 1: Board Meeting Details - The 11th meeting of the 5th board of directors was held on November 6, 2025, with all 6 directors present, complying with relevant regulations [1]. - The meeting approved the proposal regarding the achievement of the first unlock condition for the 2024 restricted stock incentive plan [2][19]. Group 2: Incentive Plan Overview - The 2024 restricted stock incentive plan was approved on September 3, 2024, with a total of 6.5493 million shares to be granted, of which 5.2893 million shares are for initial grants [10][11]. - The grant price for the restricted stock is set at 4.34 yuan per share [11]. Group 3: Unlock Conditions - The first unlock period for the initial grant of restricted stock has ended, allowing 40% of the total granted shares to be unlocked [20]. - A total of 134 participants meet the conditions for unlocking, with 2.09172 million shares eligible for release [21][23]. Group 4: Compliance and Legal Opinions - The board's decision to unlock shares complies with the relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [24]. - Legal opinions confirm that the necessary approvals and authorizations for the unlocking of shares have been obtained [25].

Core Points - The company announced a decision to repurchase and cancel a portion of the restricted stock options from its 2024 incentive plan [1] - The repurchase involves 67,800 shares of restricted stock granted to two former employees, which have not yet been released from their lock-up period [1] - The cancellation of these shares is scheduled for November 6, 2025 [1] Summary by Categories Company Actions - The company held its 29th meeting of the 8th Board of Directors and the 20th meeting of the 8th Supervisory Board on August 19, 2025, where the repurchase proposal was approved [1] - The decision to repurchase shares is in accordance with the company's 2024 restricted stock incentive plan [1] Stock Details - A total of 67,800 shares will be repurchased and canceled [1] - The shares involved were granted to two individuals who are no longer with the company [1]

Core Points - The company announced the cancellation of 0.10 thousand shares of unvested restricted stock from the 2024 incentive plan [1] Group 1 - The second meeting of the second board and the nineteenth meeting of the second supervisory board will be held on September 30, 2025 [1] - The board approved the proposal to cancel part of the granted but unvested restricted stock under the 2024 incentive plan [1] - The decision is in accordance with the relevant provisions of the 2024 restricted stock incentive plan draft and the authorization from the 2023 annual general meeting [1]

Core Points - The company announced the achievement of the first unlock conditions for its 2024 restricted stock incentive plan [2] - A total of 31 individuals qualify for the unlock conditions, with 800,000 shares eligible for release, representing 0.7240% of the company's total share capital [2]

Group 1 - The company announced the adjustment of the grant price for the 2024 restricted stock incentive plan from 65.96 yuan per share to 65.56 yuan per share [2] - The adjustment is in accordance with the relevant provisions of the incentive plan draft, following the completion of the company's 2024 annual and 2025 semi-annual profit distribution plans [2] - A total of 14,950 shares of restricted stock have been canceled due to 10 incentive targets leaving the company and 3 voluntarily waiving their rights [2]

Group 1 - The company held its fourth board meeting on September 5, 2025, to discuss the granting of reserved restricted stock under the 2024 incentive plan [2][3][4] - The board approved the grant of 490,000 shares of restricted stock to 34 incentive recipients at a price of 25.7532 yuan per share, with the reserved grant date set for September 5, 2025 [3][19][24] - The decision was unanimously supported by all attending board members, with no votes against or abstentions [4] Group 2 - The supervisory board also convened on September 5, 2025, and approved the same proposal regarding the reserved stock grant, confirming that the conditions for the incentive plan had been met [8][9][10] - The supervisory board verified that the incentive recipients met all legal and regulatory qualifications for participation in the stock incentive plan [10][30] - The total number of reserved shares represents approximately 0.60% of the company's total share capital of 81,348,500 shares [19] Group 3 - The company has followed all necessary procedures for the implementation of the 2024 restricted stock incentive plan, including prior approvals from the board and supervisory board [15][16][20] - The stock grant is part of a broader strategy to motivate and retain key personnel, enhancing operational efficiency and long-term performance [32][36] - The accounting treatment for the restricted stock will be in accordance with relevant financial regulations, with costs recognized over the vesting period [32][34]

Core Viewpoint - The company has adjusted its 2024 restricted stock incentive plan, specifically the list of reserved grant recipients, following the voluntary withdrawal of two individuals from the plan [1][5][6]. Group 1: Decision-Making Process and Disclosure - The company held meetings of the board and supervisory committee to review and approve the adjustments to the incentive plan and related proposals [1][2]. - The names and positions of the incentive recipients were publicly disclosed internally, with no objections raised during the public notice period [2][3]. Group 2: Adjustments to the Incentive Plan - The number of reserved grant recipients was reduced from 37 to 35 due to two individuals voluntarily giving up their rights to the stock [5][6]. - The total equity granted remains unchanged, with the shares originally allocated to the withdrawn recipients being redistributed among the remaining recipients [5][6]. Group 3: Impact and Compliance - The adjustments to the incentive plan are not expected to have a material impact on the company's financial status or operational results [6]. - The supervisory committee confirmed that the adjustments comply with relevant laws and regulations, ensuring no harm to shareholder interests [6][7]. Group 4: Legal and Financial Advisory Opinions - The legal opinion confirms that the adjustments have received necessary approvals and comply with the incentive plan's regulations [6][7]. - The independent financial advisor supports the adjustments, stating they do not harm the company or shareholders [7].