On July 2nd, Gelunhui announced that Power Transmission (300904.SZ) will issue a restricted stock incentive plan (draft) in 2024. The total amount of restricted stocks proposed to be granted to incentive objects in this incentive plan is 592,300 shares, accounting for about 0.82% of the company's total share capital of 72,383,200 shares at the time of the announcement of this incentive plan draft. The grant is a one-time grant without any reserved rights.

The grant price for restricted stocks in this incentive plan is CNY 20.24/share.

A total of 62 incentive objects are involved in this incentive plan, including directors, senior management personnel, and core business (technical) personnel who were employed by the company (including subsidiaries and holding subsidiaries) at the time of the announcement of this incentive plan.

This incentive plan is valid from the date of the grant of the restricted stocks to the incentive objects until the date when all the restricted stocks granted to the incentive objects are fully vested or invalidated, but not exceeding 48 months.