On December 10, Gelonghui reported that Sangfor Technologies Inc. (300454.SZ) announced the second phase of its restricted stock incentive plan for 2024 (draft). This incentive plan proposes to grant 35 million shares of restricted stock to the incentive objects, accounting for approximately 8.33% of the company's total shares of 419,970,744 shares at the time of the announcement of this plan draft. Among them, 28 million shares will be granted in the first round, accounting for approximately 6.67% of the total shares at the time of the announcement of this plan draft; 7 million shares will be reserved, accounting for approximately 1.67% of the total shares at the time of the announcement of this plan draft, with the reserved portion accounting for 20.00% of the total shares proposed to be granted in this plan draft.

The grant price for the restricted stock in the first grant is set at 32.09 yuan per share, meaning that after meeting the granting conditions and vesting conditions, the incentive objects can purchase the company's A-shares repurchased from the secondary market or newly issued A-shares at a price of 32.09 yuan per share. The grant price for the reserved restricted stock is the same as that for the first grant.

A total of 4,215 individuals will be granted incentives in the first round of this incentive plan, all of whom are senior management, key technical and business personnel working at the company (including its holding subsidiaries) at the time of the announcement of this incentive plan draft.

The validity period of this plan is from the date of granting the restricted stock until all restricted stocks are fully vested or become invalid, with a maximum duration of no more than 69 months.