Wolong Electric proposes 2025 equity incentive plan for talent, growth

Wolong Electric Drive Group Co., Ltd. is set to hold its Third Extraordinary General Meeting of Shareholders on October 17, 2025, in Shaoxing, Zhejiang. The primary agenda includes deliberating and approving the "2025 Restricted Stock Incentive Plan (Draft)" and its summary, along with the "Implementation and Assessment Measures" for the plan.

Shareholders will also vote on a proposal to authorize the board of directors to handle all related matters concerning the equity incentive plan. This authorization covers aspects such as determining eligibility, adjusting stock numbers and prices, handling share grants, and managing the release from lock-up period procedures, as well as any necessary corporate charter amendments and capital registration changes.

The proposed incentive plan, detailed in announcements made on September 30, 2025, aims to align the interests of shareholders, the company, and its core team, foster long-term development, and strengthen Wolong Electric's competitive edge. The meeting will utilize both on-site and online voting methods, with results to be announced promptly.