Electric Connector Technology adjusts share plan, forecasts related-party transactions

Electric Connector Technology's wholly-owned subsidiary, Dongguan Electric Connector Technology, plans to procure equipment from connected party Dongguan Minjiang Intelligent Technology Co., Ltd. for CNY 1,559.40. This transaction increases the cumulative connected transaction amount to CNY 2,855.88, triggering board review. Additionally, the company forecasts new daily connected transactions with Minjiang Intelligent Technology for 2025, not exceeding CNY 1,100.

The company also adjusted its 2025 restricted stock incentive plan, modifying the grant price from CNY 39.86/share to CNY 39.39/share following a 2024 equity distribution of CNY 4.746608 per 10 shares. This adjustment impacts the cost of the incentive plan, with projected expenses of CNY 152.05 in 2025, CNY 508.82 in 2026, and CNY 157.97 in 2027.

Furthermore, Electric Connector Technology announced its fourth extraordinary general meeting for October 16, 2025, to approve the re-appointment of Zhengdan Zhiyuan (Shenzhen) Certified Public Accountants as its auditor for 2025, with an estimated audit fee of CNY 121, including CNY 98 for annual report audit and CNY 23 for internal control audit. This follows the board's approval on September 22, 2025.