Sino wealth grants restricted shares to 73 employees

Sino Wealth Electronic announced the grant of 1,862,435 restricted shares to 73 incentive recipients on December 16, 2025, at a price of 14.06 yuan per share. This grant represents 0.56% of the company's total share capital and is part of its 2025 Restricted Stock Incentive Plan. The shares are subject to phased release over 12, 24, 36, and 48 months from the registration date, with 25% released in each period.

The incentive plan includes performance targets for net profit growth, with the 2026 target set at a minimum 30% increase over 2025 net profit, escalating to 120% by 2029. Achievement of these targets, alongside individual performance, determines the actual number of shares released. An additional 12-month lock-up period applies after each release for all participants.

Director Zhou Huadong’s grant was postponed due to share sales within six months prior to the grant date, in line with the incentive plan's regulations. The total estimated cost of this incentive plan is 1,601.94 million yuan, to be expensed over several years, with the largest portion of 715.84 million yuan anticipated in 2026. The company expects the plan to enhance operational efficiency and positively impact long-term performance.