Wolong Electric: Restricted Stock Incentive Plan Recipients Finalized

Wolong Electric Drive Group Co., Ltd. (SSE:600580) announced that its Ninth Board of Directors held its Nineteenth Interim Meeting on September 29, 2025. The board approved resolutions regarding the company's 2025 restricted stock incentive plan, including its draft, implementation and assessment management measures, and a proposal to authorize the board of directors to handle related matters.

The company publicly disclosed the initial grant incentive recipient list for the 2025 restricted stock incentive plan on the Shanghai Stock Exchange website from September 30, 2025, to October 9, 2025. Following this ten-day disclosure, the board’s remuneration and assessment committee reviewed the list and confirmed the eligibility of the recipients.

The committee concluded that all individuals on the initial grant list meet the eligibility criteria outlined in relevant laws and the company's articles of association. The committee also confirmed that none of the proposed incentive recipients are subject to disqualifying conditions and that the basic information of the recipients is accurate.