Tianyang Technology announced on September 10 the draft 2026 restricted stock incentive plan, under which it intends to grant no more than 15 million restricted shares to incentive recipients, representing about 3.07 percent of the company's total share capital, at a grant price of 9.34 yuan per share. Of these, 12 million shares will be granted initially, representing about 2.46 percent of total share capital and 80 percent of the total proposed awards, while 3 million shares are reserved, representing about 0.61 percent of total share capital and 20 percent of the total proposed awards. The initial grant covers 26 incentive recipients. The company's 2025 restricted stock incentive plan is still being implemented, with 2,173,240 remaining underlying shares within its validity period. The number of underlying shares involved in this incentive plan is 15 million, and the total number of underlying shares involved in all of the company's incentive plans within their validity periods is 17,173,240, representing about 3.52 percent of total share capital. According to the 2026 semi-annual report released on August 20, the company achieved operating revenue of 964 million yuan in the first half of 2026, down 3.29 percent year on year. Net profit attributable to shareholders of the listed company was 60.0171 million yuan, up 17.59 percent year on year, while net profit attributable to shareholders after deducting non-recurring items was a loss of 6.9296 million yuan, down 145.76 percent year on year. The company is rapidly advancing computing power leasing and other computing-related businesses to build a second growth curve. Orders already secured are long-term agreements with service periods mainly of four to five years, and the first batch of computing power resources is gradually reaching delivery-ready status.
Tansun Technology Co Ltd
Teemsun Technology Co.,Ltd