Wuxi Lead Intelligent Equipment Co., Ltd. (Wuxi Lead) has called a Second Extraordinary General Meeting (EGM) for 10 September 2026 to seek shareholder approval for a new 2026 H Share Incentive Plan and related authorisations.
Key elements of the proposed scheme:
• Scope and size: Up to 7.00 million existing H shares or treasury shares can be granted, equal to about 0.42% of Wuxi Lead’s total issued share capital (excluding treasury shares) as at the adoption date. Combined with any other share-based plans, total issuance cannot exceed 10% of issued shares.
• Participants: Executive directors and employees of the group (both full-time and part-time) are eligible; independent non-executive directors are excluded.
• Award structure: All grants will be in the form of restricted shares. Purchase price can range from nil to market price at the Board’s discretion.
• Vesting rules: Standard minimum vesting period is twelve months from grant. Shorter periods are permitted for “make-whole” awards to new hires, early termination due to death/disability, performance-based vesting, administrative batch grants, accelerated or mixed schedules, or awards with a total vesting/holding period exceeding twelve months.
• Individual cap: Any single participant cannot receive grants that exceed 1% of issued H shares within any 12-month period without separate shareholder approval.
• Governance safeguards: Grants to directors, chief executive or substantial shareholders—and their associates—require prior approval by independent non-executive directors and, if thresholds under Hong Kong Listing Rules are triggered, separate shareholder approval. All voting on EGM resolutions will be by poll.
• Clawback mechanism: The Board retains the right to forfeit unvested shares and reclaim vested shares or cash proceeds in cases such as misconduct, regulatory breaches, or other circumstances deemed inconsistent with the plan’s objectives.
• Plan duration: Valid for ten years from the adoption date, unless terminated earlier by the Board.
EGM details:
• Date & time: 10 September 2026, 2:00 p.m. (PRC time) • Venue: Company Conference Room, No. 18 Xinzhou Road, Xinwu District, Wuxi, Jiangsu • Record date: 10 September 2026 • Register closure: 7–10 September 2026; share transfers must be lodged by 4:30 p.m. on 4 September 2026.
Additional information:
• Wuxi Lead currently holds 11.15 million treasury A shares, which carry no voting rights and will not be counted at the EGM. • Shareholders will also vote on granting the Board authority to implement and manage the incentive plan.
Approval of the 2026 H Share Incentive Plan will align employee interests with shareholder value creation and provide Wuxi Lead with a structured mechanism to attract and retain key talent over the next decade.