Shenzhen UBTECH Robotics Technology Co., Ltd. has formally adopted an H-share incentive plan designed to align employee interests with long-term shareholder value and support the company’s growth objectives.
Key parameters • Plan duration: Up to 10 years from the date of shareholder approval, after which no new awards may be granted. • Share source: Newly issued H-shares allocated to an independent professional trustee for subsequent distribution to participants. • Overall limit: The aggregate number of H-shares that can be issued (or transferred from treasury stock) under all awards is capped at 10% of the company’s total issued share capital on the adoption date. • Individual limit: For any 12-month period, the total number of H-shares granted to a single participant under all share plans must not exceed 1% of the company’s issued shares. Grants above this threshold require separate shareholder approval. • Eligible participants: Executive directors (excluding independent non-executive directors), senior management and other employees who have signed labour contracts with the group and meet additional Board-specified criteria. • Grant price: Participants pay RMB1.00 per H-share upon vesting. • Vesting conditions: Determined by the Board or its authorised delegate and may include continued service, annual performance targets or other criteria. Vesting can be accelerated in cases such as death or permanent disability. • Forfeiture triggers: Unvested awards lapse automatically upon events including resignation, dismissal for cause, serious misconduct or specified breaches of undertakings. The Board retains discretion to claw back or cancel awards if financial statements are restated, performance metrics prove inaccurate, or regulatory requirements demand it. • Trustee mechanics: The trustee will hold the shares, has no voting rights on them, and must dispose of unvested or forfeited shares as directed by the Board. Participants have only contingent rights until shares vest and are transferred.
Governance and compliance The plan is administered by the Board, which may delegate powers to authorised persons while retaining ultimate discretion. Any material amendments, or changes that impact provisions covered by Hong Kong Listing Rule 17.03, require shareholder approval. The scheme is governed by Hong Kong law and all grants are subject to the Hong Kong Stock Exchange’s listing rules, including blackout periods for granting awards.
By introducing the incentive plan, UBTECH Robotics aims to attract, motivate and retain skilled personnel, reward past and future contributions, and reinforce alignment between employees and shareholders through equity ownership.