Hengxuan Technology Co., Ltd. announced that the conditions for granting the 2025 Restricted Stock Incentive Plan have been fulfilled. On September 29, the company held the 20th meeting of the 2nd board of directors to determine that day as the grant date. 230,800 restricted shares were awarded to 112 incentive recipients at a price of 150 yuan/share, accounting for about 0.14% of the company's total share capital at the time the draft was announced. Incentives include technical and business executives. The maximum period of validity of this incentive plan is no more than 60 months. Restricted stocks will be distributed in installments according to the agreed proportion 12 months after the grant date. It is expected that the share payment expenses generated by the plan will be amortized according to the ownership arrangement. Although it will affect net profit for each year, it is expected to improve team cohesion and operational efficiency.

Hengxuan Technology Co., Ltd. announced that the conditions for granting the 2025 Restricted Stock Incentive Plan have been fulfilled. On September 29, the company held the 20th meeting of the 2nd board of directors to determine that day as the grant date. 230,800 restricted shares were awarded to 112 incentive recipients at a price of 150 yuan/share, accounting for about 0.14% of the company's total share capital at the time the draft was announced. Incentives include technical and business executives. The maximum period of validity of this incentive plan is no more than 60 months. Restricted stocks will be distributed in installments according to the agreed proportion 12 months after the grant date. It is expected that the share payment expenses generated by the plan will be amortized according to the ownership arrangement. Although it will affect net profit for each year, it is expected to improve team cohesion and operational efficiency.