Zhitong Finance APP News, Jiahua Tech (688141.SH) announced that in 2023, due to factors such as the global economic slowdown, changes in the semiconductor industry cycle, changes in terminal market sentiment and declining demand, the company's revenue decreased by 10.43% compared to 2022, failing to meet the company-level performance assessment indicators of the first vesting period of the 2023 Restricted Stock Incentive Plan (referred to as the "Incentive Plan"). Considering the significant changes in the current macroeconomic situation, market environment, and the launch of the Incentive Plan in 2023; and setting higher performance assessment targets for the second vesting period, third vesting period, and fourth vesting period based on the first vesting period, the company expects to be unable to achieve the remaining performance assessment targets set in the Incentive Plan for the remaining assessment periods at the company level.

In conclusion, the company believes that continuing the implementation of the Incentive Plan is difficult to achieve the expected incentive purposes and effects. After careful study, the company plans to terminate the implementation of the Incentive Plan, and related documents such as the Draft of the Company's 2023 Restricted Stock Incentive Plan and the Implementation Assessment Management Measures of the Company's 2023 Restricted Stock Incentive Plan will be terminated together.