On June 12th, Gelunhui reported that Leascend Technology (300051.SZ) announced the 2024 Restricted Stock Incentive Plan (Draft), in which the incentive plan intends to grant 13.35 million restricted stocks to incentive objects, accounting for about 3.65% of the total share capital of the company on the day of the announcement of the draft incentive plan of 36569.869 million shares.

Among them, the first restricted stock grant is 10.68 million shares, accounting for 2.92% of the total share capital of the company on the day of announcement of the draft incentive plan, and 80.00% of the total amount of restricted stock granted under this incentive plan; reserved 2.67 million shares of restricted stocks, accounting for about 0.73% of the total share capital of the company on the day of the announcement of the draft incentive plan, and 20.00% of the total amount of restricted stocks granted under this incentive plan.

The grant price of restricted stocks (including reserved part) under this incentive plan is RMB 4.33 per share.

The incentive plan intends to grant a total of 204 incentive objects for the first time, including directors, senior management personnel, middle management personnel, and core technical (business) backbones who were serving in the company (including branches and subsidiaries) when the company announced this incentive plan.

The effective period of this incentive plan is from the date of completion of the registration of the restricted stock grant to the date when all restricted stocks granted to the incentive objects are lifted or repurchased and cancelled, with a maximum of 60 months.