Qinchuan Machine Tool's board approves restricted stock incentive recipients

Qinchuan Machine Tool & Tool Group Co., Ltd. announced that its board of directors approved the "Proposal on Granting Reserved Restricted Stocks to Incentive Objects of the First Restricted Stock Incentive Plan" on September 26, 2025. Detailed information was disclosed on the Juchao Information Network on September 27, 2025.

Following a public disclosure period from September 28, 2025, to October 11, 2025, with no objections received, the remuneration and appraisal committee verified the information. The committee confirmed that all listed individuals meet eligibility criteria outlined in relevant laws and regulations.

The committee concluded that the incentive recipients are primarily R&D and sales backbones of the company and its subsidiaries. They do not include independent directors, shareholders holding 5% or more of the company's shares, or their immediate family. The individuals are also free from any disqualifying circumstances specified in Article 8 of the "Measures for the Administration of Equity Incentives of Listed Companies." The committee issued its verification opinion on October 13, 2025, affirming the legal eligibility of the recipients.