Wuxi Lead unveils 2025 restricted stock incentive plan

Wuxi Lead Intelligent Equipment Co., Ltd. announced a 2025 restricted stock incentive plan, reviewed by Shanghai Jingtian & Gongcheng Law Firm, Shanghai Rongzheng Enterprise Consulting (Group) Co., Ltd., and the company’s supervisory board. The plan proposes to grant 9.54m restricted shares, representing 0.6091% of the company’s total share capital of 15,661,630,340 yuan, to 1,134 employees, including directors, senior management, core management, and key technical personnel. The restricted shares will be repurchased A-shares from the secondary market, with a grant price of 32.77 yuan per share.

The plan's validity period is a maximum of 36 months from the grant date, with two vesting periods, each for 50% of the granted shares. The vesting conditions include company-level performance targets based on a 2024 baseline, requiring a specific growth rate in operating revenue for 2025 and 2026, and individual performance assessments. The supervisory board confirmed that the plan complies with relevant laws and regulations, noting no detriment to company or shareholder interests.

The board of directors, excluding related party director You Zhiliang, approved the proposal on September 29, 2025. The company will seek shareholder approval at the second extraordinary general meeting in 2025 on October 16, 2025, for final implementation, with the board authorized to handle related administrative procedures.