Shouhua Gas has disclosed the draft of its 2026 stock appreciation rights incentive plan and the draft of its 2026 restricted stock incentive plan. The company plans to grant two types of equity instruments—stock appreciation rights and restricted stock—to directors, senior management, and core employees, totaling 13.0155 million units. Of these, the stock appreciation rights plan proposes to grant a total of 7.3625 million units, representing 1.91% of the company's total share capital at the time of the announcement, with an initial grant of 5.89 million units at an exercise price of 9.87 yuan per share, covering no more than 11 participants. The restricted stock incentive plan proposes to grant a total of 5.6530 million shares, representing 1.47% of the company's total share capital at the time of the announcement, with an initial grant of 4.5224 million shares at a grant price of 9.87 yuan per share, covering no more than 37 participants. The company-level performance assessment targets for both plans are based on 2025 net profit. For 2026, the net profit growth rate target is no less than 10%, with a trigger value of no less than 8%. For 2027, the growth rate target is no less than 20%, with a trigger value of no less than 16%. For 2028, the growth rate target is no less than 30%, with a trigger value of no less than 24%. Both incentive plans are valid for a maximum of 48 months from the date of the initial grant and are subject to approval by the shareholders' meeting before formal implementation.
Sino Prima Gas Technology Co LtdCompany proposes stock appreciation rights and restricted stock incentive plans to align management interests with shareholders, with performance targets based on net profit growth.