Siquan New Materials (301489.SZ) plans to launch the 2026 Restricted Stock and Stock Options Incentive Plan

According to Zhitong Finance App, Siquan New Materials (301489.SZ) released the 2026 Restricted Stock and Stock Option Incentive Plan (draft). The total number of stock rights (Class II restricted stocks and stock options) to be granted to incentive recipients did not exceed 1.64 million shares, accounting for 1.41% of the company's total share capital when this draft incentive plan was announced. Of these, 1.55 million shares were granted for the first time, and 90,000 shares were reserved. The grant price for Class II restricted stocks (including reserved grants) of the incentive plan is 67.11 yuan/share, and the exercise price for stock options (including reserved grants) is 134.22 yuan/share.

Class II restricted stocks of this incentive plan are valid for a maximum period of no more than 48 months from the date the restricted stock was granted to the incentive target until all restricted shares granted by the incentive target are vested in 3 installments after 12 months from the date of initial grant, with a share ratio of 20%, 40%, and 40% respectively; the stock options under this incentive plan are valid for a maximum period of not more than 60 months from the date the stock option authorization is registered until all stock options are exercised or cancelled. Shares scheduled to be awarded for the first time Options are exercised in 3 instalments after 12 months from the date of initial authorization, with a ratio of 20%, 40%, and 40% for each instalment, respectively.