Hillstone Networks has released the draft of its 2026 restricted stock incentive plan, proposing to grant 7 million restricted shares to 122 incentive recipients, representing approximately 3.88% of the company's total share capital of 180 million shares. The grant will be made in a single tranche with no reserved equity, at a grant price of 13.4 yuan per share. Incentive recipients include company directors, senior management, core technical personnel, and key backbone employees, with the plan's maximum validity period not exceeding 48 months. In the first quarter of 2026, the company achieved revenue of 181 million yuan, with a net loss attributable to the parent company of 34.49 million yuan.
Hillstone Networks Co LtdProposed stock incentive plan dilutes existing shareholders, while Q1 net loss of 34.49 million yuan indicates weak financials.