Wuxi Lead Cancels Restricted Shares After Performance Miss

Wuxi Lead Intelligent Equipment Co., Ltd. (SZSE:300450) has invalidated 1,926,200 restricted shares from its 2022 Restricted Stock Incentive Plan. This action, approved by the Fifth Board of Directors' Seventeenth Meeting and the Fifth Board of Supervisors' Eighth Meeting on November 17, 2025, follows the company's failure to meet the performance assessment targets for the third vesting period of the plan. The decision is confirmed by a legal opinion from Shanghai Jincheng Law Firm, ensuring compliance with relevant regulations.

The cancellation, which received necessary approvals and is deemed compliant with governing regulations, will not negatively impact the company's financial condition, operating performance, or the interests of its shareholders, including small and medium investors. The board's Compensation and Assessment Committee reviewed and approved the invalidation, noting that the procedure aligns with the plan's regulations and does not harm shareholder interests.

This resolution was disclosed in the "Announcement on the Resolution of the Third Extraordinary General Meeting of Shareholders in 2025" (Announcement No. 2025-068), which details the voting results of the shareholders' meeting held on November 17, 2025. The company's management remains committed to fulfilling its responsibilities and enhancing shareholder value.