New Universal Science and Technology (300472.SZ) plans to launch a restricted stock incentive plan in 2024.

New Universal Science and Technology (300472.SZ) announced its 2024 Restricted Stock Incentive Plan (draft), which plans to grant 44 million restricted stocks to incentive recipients. The stocks involved are RMB A shares, accounting for approximately 15.98% of the total equity of the company on the announcement date of the incentive plan draft. The plan intends to grant 44 million shares at once, accounting for 100% of the total number of restricted stocks to be granted under the incentive plan draft, with no reserved shares for granting arrangements. The grant price for the restricted stocks is 3.5 RMB per share. The incentive plan will be valid from the date of granting the restricted stocks until the date when all restricted stocks granted to the incentive recipients are released from restriction or repurchased and cancelled, with a maximum duration of not more than 60 months.