Wuxi Lead Intelligent Equipment grants restricted stock to over 1,100 employees

Wuxi Lead Intelligent Equipment Co., Ltd. has announced the grant of 9.54 million restricted shares to 1,134 incentive recipients under its 2025 Restricted Stock Incentive Plan. The grant date is set for October 16, 2025, with an exercise price of 32.77 yuan per share. This represents approximately 0.6091% of the company's total share capital.

The restricted shares will be sourced from the company's repurchased A-share common stock. The incentive plan, spanning a maximum of 36 months, includes two vesting periods, each for 50% of the granted shares, contingent upon achieving specific company performance and individual appraisal targets for 2025 and 2026. The estimated total expense for this equity incentive is 22,676.58 yuan, with costs allocated across 2025 (3,476.42 yuan), 2026 (14,536.14 yuan), and 2027 (4,664.02 yuan).

The board and supervisory board confirmed that all conditions for the grant were met and that the incentive recipients qualify under relevant regulations. The grant aligns with the company's strategy to motivate management and core employees, aiming to enhance operational efficiency and sustainable growth.