Zhitong Finance App News, Wenyuan Zhixing-W (00800) issued an announcement. On October 28, 2026 (after the transaction period), Jing Shuo, Taizhou Wenyuan, and investors (Ningbo Yongyuan, Primus Vesalius, and/or Sirius Star Luhong) (including) signed a capital increase agreement. Based on this, the investors agreed to subscribe for a total of RMB 4 million of Jingshuo's registered capital at a total cost of RMB 70 million, which is equivalent to approximately 3.38% of Jing Shuo's registered capital after completing the subscription process and implementing and fully using Jingshuo's equity incentive plan.
On October 28, 2026 (after the trading session), Jing Shuo's sole shareholder at the time (i.e. Taizhou Wenyuan) and the board of directors approved the adoption of Jingshuo's equity incentive plan. As of the date of this announcement, Jingshuo is not a major subsidiary of the Company, so Jingshuo's equity incentive plan does not constitute a share plan subject to the provisions of Chapter 17 of the Listing Rules.
The maximum amount of relevant equity that can be rewarded according to the Jingshuo Equity Incentive Plan is equivalent to Jingshuo's registered capital of RMB 34.285,700, which is equivalent to approximately 28.98% of Jing Shuo's total registered capital after completing and implementing the subscription and fully using the Jingshuo Equity Incentive Plan.
On October 28, 2026 (after the trading session), Jing Shuo's board of directors approved the first award under the Jing Shuo Equity Incentive Plan. According to this, a reward equivalent to Jing Shuo's registered capital of RMB 18.285,700 was awarded to the three participants. Rewards awarded under the initial award are settled in the form of direct shares of Jingshuo and are subject to the terms of the Jingshuo Equity Incentive Plan and related grant agreements. According to the initial award, participants subscribed for Jingshuo's total registered capital of RMB 18.285,700 at a total cost of RMB 18.285,700.
Among the rewards already awarded based on the initial award, a reward equivalent to Jing Shuo's registered capital of RMB 8 million was awarded to each founder separately. According to the relevant grant, each founder subscribed for Jing Shuo's registered capital of RMB 8 million at a cost of RMB 8 million. Both founders are related persons of the Company, and rewards are awarded to each of them to form part of the Company's connected transactions.