Chengdu Qushui Science & Technology Co. Ltd. A

Qushui Technology has disclosed its 2026 restricted stock incentive plan, proposing to grant a total of 2,179,990 restricted shares to senior management and key employees at a price of 18.69 yuan per share, representing a discount of nearly 50% compared to the closing price of 37.21 yuan per share on July 29. The incentive uses Category II restricted shares, with the stock sourced from a private placement of A-shares. The total grant accounts for 4.20% of the total share capital at the time of the announcement, with an initial grant of 1,744,000 shares and a reserved portion of 435,990 shares. The initial grant targets no more than 37 individuals, with five senior executives receiving a combined 618,728 shares, accounting for 28.38% of the initial grant. The plan sets a two-tier performance assessment for 2027 to 2029. At the company level, based on 2025 revenue or net profit attributable to the parent company, growth rates must be no less than 10%, 20%, and 30% respectively, with meeting either indicator sufficient. Individual performance assessments are also implemented. The company stated that the move aims to align the interests of the core team and drive continued expansion in the smart sleep home sector.