Wolong Electric unveils 2025 restricted stock incentive plan

Wolong Electric Group Co., Ltd. announced its 2025 Restricted Stock Incentive Plan (Draft), which will grant 5.1482 million restricted shares to 156 eligible employees. This represents 0.33% of the company's total share capital, including an initial grant of 4.6200 million shares and a reserve of 0.5282 million shares. The shares for this incentive plan were repurchased by the company from the secondary market for a total of CNY 60,005,392.14, at an average price of CNY 15.66 per share.

The granting price for the restricted shares is set at CNY 24.11 per share. The plan's validity period will not exceed 48 months from the grant date. Vesting will occur in three tranches over 12, 24, and 36 months for the initial grant, and two tranches for the reserved shares over 12 and 24 months. Performance targets include net profit goals of not less than CNY 1.080 bn for 2025, CNY 1.300 bn for 2026, and CNY 1.500 bn for 2027.

The board of directors approved the plan on September 29, 2025, and it will be presented to shareholders for approval at the third extraordinary general meeting on October 17, 2025. This initiative is designed to enhance the company's competitiveness and reinforce its long-term development strategy.