Hengyunchang announced that the conditions for granting the company's 2026 restricted stock incentive plan for the first time have been fulfilled. It has been determined that 261,500 Class II restricted shares will be awarded to 82 eligible core employees with an award price of 144.89 yuan/share. The source of the shares is the company's targeted additional issuance and/or repurchase of A-share common shares from the secondary market. This incentive plan is valid for a maximum period of not more than 72 months. For the first time, part of the grant is divided into four installments. The total incentive cost is estimated to be 42.5094 million yuan, which will be amortized in installments.

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