Sino Wealth proposes 2025 restricted stock incentive plan

Sino Wealth Electronic has announced its 2025 Restricted Stock Incentive Plan (draft), proposing to grant 1,912,435 restricted shares, representing 0.56% of its total share capital. The incentive, priced at 14.06 yuan per share, targets 74 individuals including directors, senior management, middle management, and core technical personnel, excluding independent directors and significant shareholders. The plan has an additional 12-month lock-up period following each 12 to 48-month restricted period, for a total duration not exceeding 72 months from registration.

The company's Compensation and Assessment Committee and board of directors have approved the incentive plan and the related assessment management measures. The board also approved an amendment to the Company Articles of Association, which includes changes to the legal representative selection process, requiring approval by more than half of the board. This amendment, along with a proposal for D&O liability insurance up to 50,000,000 yuan, awaits shareholder approval.