Zhixin Finance APP message, Qinchuan Machine Tool & Tool Group Share (000837.SZ) released the first phase of restricted stock incentive plan (draft), intending to grant a maximum of 19 million shares of restricted stocks, not exceeding 1.88% of the total share capital of the company at the time of this plan announcement. Among them, the first grant not exceeding 15.2 million shares, with a reservation not exceeding 3.8 million shares. The grant price is 4.59 yuan/share.

The effective period of this plan is from the date when the registration of restricted stock grant is completed until the date when all restricted stocks are released from restriction or repurchased, not exceeding 72 months at the longest.