Changhong Technology details share grant plan, maintains bond conversion price

Shenzhen Changhong Technology announced on December 5, 2025, the initial grant of 4.3847 million restricted shares and a reserved grant (first batch) of 158,000 restricted shares under its 2025 incentive plan. The shares were granted at CNY 6.83 per share. The company noted adjustments to the incentive plan, including a reduction in the initial grant from 5 million to 4.3847 million shares and an increase in the reserved grant from 200,000 to 815,300 shares, affecting 156 and 8 participants respectively.

The company's board approved the adjustment, confirming the satisfaction of grant conditions. Concurrently, the board decided not to revise the conversion price of "Changhong Convertible Bonds" downwards, despite meeting the adjustment trigger. The board will revisit the decision if the trigger is met again after April 5, 2026.

The total incentive cost for the initial grant is estimated at CNY 28.6826 million, to be amortized over four years, with CNY 1.5576 million in 2025, CNY 17.7289 million in 2026, CNY 6.7886 million in 2027, and CNY 2.6075 million in 2028.