Core Viewpoint - The company completed the first grant registration of the 2025 restricted stock incentive plan, indicating a strategic move to motivate and retain key personnel through equity participation [2] Summary by Relevant Sections Stock Incentive Plan - The first category of restricted stock was granted on October 31, 2025, with a total of 1,412,000 shares, representing 0.27% of the company's total share capital [2] - The grant price for the restricted stock is set at 38.90 yuan per share [2] - A total of 245 individuals received the first grant of restricted stock [2] - The restricted stock was sourced from the company's repurchase of its A-share common stock from the secondary market [2]

Group 1 - The company held its 25th meeting of the 4th Board of Directors on September 4, 2025, with all 7 directors present, complying with relevant laws and regulations [1] - The Board approved the proposal to grant restricted stock to one eligible participant under the 2025 Restricted Stock Incentive Plan, with the grant date set for September 4, 2025, and a total of 100,000 shares to be awarded [1] - The voting results showed 6 votes in favor, 0 against, and 0 abstentions, with one director abstaining due to a conflict of interest [2]